Golden Finance reported that according to data tracked by Hyblock Capital, market depth (i.e., the collection of buy and sell orders, whether close to or far from the market price) dried up over the weekend. This pattern usually appears at market turning points, indicating that Bitcoin's downward trend from a high of more than $65,000 in late August has ended. Liquidity is represented by market depth, which measures the market's ability to absorb large transaction orders without affecting prices. It often depends on several factors, including the time of day, market events at the time, and specific price levels. The bottom of the market is characterized by traders' difficulty in making decisive actions, resulting in fewer buy and sell orders and a decrease in liquidity. Shubh Verma, co-founder and CEO of Hyblock Capital, said in an interview with CoinDesk: By analyzing the comprehensive spot order book, especially the order book with a spot order book depth of 0%-1% and 1%-5%, we found that low order book liquidity usually coincides with the bottom of the market. These low order book levels can be early indicators of price reversals, often preceding bullish trends.