The absence of cascading liquidations, 25% delta skew and the margin lending ratio all suggest that Bitcoin price bottomed at $56,500.
Source: https://cointelegraph.com/news/3-reasons-why-bitcoin-s-drop-to-56-5k-may-have-been-the-local-bottom
3 reasons why Bitcoin’s drop to $56.5K may have been the local bottom
November 20, 2021
CoinTelegraph