BTC This is what I meant by clear chasing under price - limit bids chasing price higher (passive buyers) - Spot CVD higher with price (market buyers) Notably there is ask depth on spot & declining bid depth on perp, for price to continue to rally from here it takes considerable passive bid & market bid into the provided ask liquidity above price however 115K - 114.5K still important on downside(Skew Δ)