🚀 Bitcoin Nears $100K, But Is It Ready for Lift-Off?
- As Bitcoin edges close to the $100,000 mark, the "order book skew ratio" reveals a potential vulnerability. Buyers are pulling back, leaving sellers in a stronger position.
- The 1% skew, a measure of ask-bid imbalance, is at levels seen only thrice since 2022, hinting at a possible price correction with any negative news.
- Bitcoin's dominance in the crypto market has dipped, suggesting a shift towards alternative cryptocurrencies.
- With declining liquidity, any major move could lead to rapid price swings.
What do you think? Will Bitcoin break $100K soon? Share your thoughts! 💬