BTC Price retracing today after more US - China "Trade War" headlines important to note spot market is still trading more defensively, clear on the bounce towards 116K & consolidation thereafter - Spot CVD declined with supply, this implies risk isn't being held + Ask Depth Perps still pretty dead tbh & negative funding seems to be maintained still, lack of margin in the market or reason to carry margin Keep an eye on the bid depth developing here, I still think there's more develop before we trend(Skew Δ)