According to Skew Δ, Bitcoin's price action during the US morning saw intense volatility as $93,000 bid liquidity was raided by sellers, resulting in a brief price dip. However, spot buying quickly picked up at the $93K level on both Binance and Coinbase, with taker bids driving cumulative volume delta (CVD) upward alongside price. Initial long positions were liquidated, but new longs entered as the price bounced off $93K. This dynamic indicates active short-term trading opportunities and highlights the significance of the $93K level as a major support area for intraday traders (source: Skew Δ on Twitter, April 30, 2025).
Full time trader & analyst
Welcome to your premier source for the latest in AI, cryptocurrency, blockchain, and AI search tools—driving tomorrow’s innovations today.
Disclaimer: Blockchain.news provides content for informational purposes only. In no event shall blockchain.news be responsible for any direct, indirect, incidental, or consequential damages arising from the use of, or inability to use, the information provided. This includes, but is not limited to, any loss or damage resulting from decisions made based on the content. Readers should conduct their own research and consult professionals before making financial decisions.
Bitcoin BTC Price Analysis: $93K Bid Liquidity Raided, Spot Buying Surges on Binance & Coinbase – Trading Insights – Blockchain News
