According to BlockBeats, on September 14, Hyblock Capital data showed that market depth dried up over the weekend, indicating that Bitcoin’s downward trend from its 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 and is affected by time, market events and price levels.
When the market hits bottom, it is difficult for traders to act decisively, resulting in fewer buy and sell orders and lower liquidity.
Shubh Verma, co-founder and CEO of Hyblock Capital, said low order book liquidity often coincides with market bottoms and is an early indicator of price reversals, preceding bullish moves.
