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, said Shubh Verma, co-founder and CEO of Hyblock Capital, in an interview with CoinDesk. These low order book levels can be early indicators of a price reversal, frequently preceding a bullish trend.
It's a signal worth monitoring for traders looking to catch significant movements before they unfold. Understanding these imbalances can help identify key turning points in the market, said Verma.
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