BTC Update Not much progress made since last post & notably so there's been passive selling into each bounce thus far - Spot CVD up vs price sideways & down - decline in bid depth around LTF highs this signals $73.8K - $74K is the area to watch for upside, market would need to accept above here for any considerable upside Perps basically unchanged, longs that bought yesterday are holding positions & lack of new positioning so compression likely before spot leads the next move(Skew Δ)