Skew Δ|Nov 20, 2025 19:24
BTC
Well that 86K came sooner than expected lol but quite decent bid depth developing here
higher bid depth on both spot & perps than previous low
Notably to mention once again this low came off tradfi related sell flow which always deepens coinbase's discount
Pretty aggressive shorting with these sell flows, the new trend is friend chasing
Would say pretty close to another low being put in but dependent on
- duration of strong bid depth
- absorption of sellers & shorts
- interest for risk(Skew Δ)
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