
Skew Δ|11月 18, 2025 10:16
BTC
After hours bounce driven by ES here & correlation to BTC
Clear algo bid on spot leading the bounce & primarily futures market pricing the market off 89K
A ton of OI aka positioning has opened up into price over the past day & with perp pricing 92K & 89K as key levels
price action these key levels will lead to some good trades depending on acceptance above or below (trending)
- wouldn't be surprised to see a lot of short covering if price sustains above 92K
- losing 89K & buyers interest would likely repeat yesterdays price action(Skew Δ)
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