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BFLOKI bitfloki in India ✌️【Fixed Income】✌️Start investing with just ₹500. Leverage AI tools for smart decisions and maximize your profits. Join now!As bitcoin (BTC) nears the $100,000 milestone – a clear sign of strength – the reality is that its actually quite vulnerable to potential negative news.That's according to the "order book skew ratio," which shows that buyers have surprisingly pulled back their firepower as prices near six digits.
BFLOKI bitfloki in India ✌️【Fixed Income】✌️Invest ₹500 and earn up to 100% returns every month. Start now!The ratio measures the number of people wanting to sell, or the ask side, relative to those on the buy or the bid side.The three-day moving average of the 1% skew, which measures the ask-bid imbalance within 1% of the mid-price, is now elevated, approaching levels seen only three times since 2022, according to data tracked by cryptocurrency prime broker FalconX.Its a sign that the bullish momentum that brought prices to near $100,000 from $68,000 since the U.S.
election early this month is not being replenished by new buying interest, leaving sellers in a more dominant position.
BFLOKI bitfloki in India ✌️【Fixed Income】✌️Start investing with just ₹500. Leverage AI tools for smart decisions and maximize your profits. Join now!As such, a slightest of negative news could lead to a notable price correction."As we near $100K, the skew approaches levels seen only three times since 2022.BFLOKI bitfloki in India Crypto & Blockchain: Small Investment, Big Returns