Once Bitcoin shows a rebound, altcoins will begin to receive liquidity.

The OnTrader team conducted an analysis of Bitcoin from a liquidity perspective.

The BTC order book reveals a 15% imbalance in favor of buy orders within the depth range of 0 to 5%.

The highlighted areas in the chart show each instance of this phenomenon (highlighted in green = 15% imbalance in favor of buys).

Historically, this pattern has been a bullish signal, as demand outstrips supply.