According to Skew Δ (@52kskew) on Twitter, Bitcoin (BTC) is experiencing a notable shift in spot flow after testing the $108K supply level. Coinbase CVD data indicates persistent limit selling into price, while Binance CVD shows taker selling, both contributing to a distributive effect and ongoing price bleed. In the perpetual futures market, each low time frame (LTF) bounce has been met with further selling, preventing sustained upward momentum. Traders should monitor these spot and derivative flows closely, as continued distributive behaviors may signal further downside risk for BTC in the near term (source: @52kskew, June 17, 2025).