“By analyzing the combined spot order books, particularly at the 0%-1% and 1%-5% spot order book depth, we see a pattern where low liquidity in the order book often coincides with market bottoms,” Shubh Verma, co-founder and CEO of Hyblock Capital, said in an interview with CoinDesk. “These low order book levels can be early indicators of a price reversal, frequently preceding a bullish trend.”
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Omkar Godbole
https://www.coindesk.com/markets/2024/09/09/bitcoin-bottom-in-btc-order-book-liquidity-says-yes/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
2024-09-09 08:33:47
