
Skew Δ|Oct 10, 2025 17:53
BTC
Just prior to the news & sell off market quoted a sizeable spike of 50M + ask depth
~ insiders knew
The following has been quite a risk off reaction with both passive & taker driven selling from spot markets
Surprising though not a significant crunch in longs from the decline in OI being quite moderate
Short positioning still dominates the market, probably till spot selling pressure eases(Skew Δ)
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