According to Skew Δ, Bitcoin ($BTC) trading activity is currently driven by passive buyers, with only brief taker-driven bids pushing the price through the $95,000 level, but without sustained price-versus-price (PvP) momentum (source: Skew Δ on Twitter, April 25, 2025). This indicates limited follow-through from aggressive buyers and suggests that any short-term breakouts above $95K may lack durability. Traders should remain cautious of potential pullbacks and monitor order book dynamics for signs of sustained upward movement.

According to Skew (@52kskew) on Twitter, Bitcoin's price has remained relatively stable due to passive buyers consistently absorbing ongoing market selling. Skew emphasizes that without this persistent passive buying activity, BTC prices would be significantly lower. The analysis warns that if these passive buyers eventually capitulate, heightened volatility and sharp price movements are likely to follow, making this a critical signal for traders to monitor for upcoming market shifts (Source: Skew, Twitter, April 25, 2025).

According to @52kskew, the recent upward movement in Bitcoin's price has been primarily fueled by passive buyers, as evidenced by limit orders rather than aggressive market buying. Notably, Binance Spot Cumulative Volume Delta (CVD) remains relatively flat even as price increases, indicating a divergence and suggesting that lower time frame highs are being met with selling pressure. This pattern implies that the market will need to auction through significant ask liquidity at the $95,000 level to maintain bullish momentum (source: @52kskew on Twitter, April 25, 2025). Traders should watch for a sustained break above this resistance to confirm continued upward movement.