
Skew Δ|Jan 16, 2025 02:26
BTC Binance Spot
Price currently grinding into contextual 100K & ample ask liquidity above
I think this area is pretty important for where the next HTF move originates from & key confirmations
A few things to note here:
The obvious
- spot demand still around the lows (92K - 88K)
- spot supply concentrated around the high (105K - 110K)
The subtle
Currently the quoted bid liquidity is pretty limited till 92K, so taker flow becomes the primary focus
recently taker flow has been used by passive buyers to get filled before chasing the market higher.
~ I think we need to see more of this to crack through resistance & supply above
A real impulse is yet to come as spot taker flow has been pretty muted
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