3 reasons why Bitcoin’s drop to $56.5K may have been the local bottom Post author:MiamiCrypto Post published:November 20, 2021 Post category:Bitcoin options / deribit / derivatives / Liquidations / margin trade / Markets / okex / skew The absence of cascading liquidations, 25% delta skew and the margin lending ratio all suggest that Bitcoin price bottomed at $56,500. You Might Also Like Bitcoin entering final stage of major bull trend, crypto analyst says October 16, 2021 Bitcoin tumbles on news of Biden’s withdrawal from election race July 21, 2024 How bad is the current state of crypto? On-chain analyst explains November 25, 2022