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 nears lowest in three weeks as BTC price targets drop to $41K March 27, 2026 Bitcoin crashes 10% on Bithumb after staff mistakenly airdrop 2,000 BTC to users February 6, 2026 Bitcoin recovers the $46K level, but several factors could prevent a stronger breakout April 1, 2022