“A comprehensive analysis of the spot order book reveals a pattern where low order book liquidity often coincides with market bottoms, especially at spot order book depths of 0%-1% and 1%-5%,” Shubh Verma, co-founder and CEO of HiBlock Capital, said in an interview with CoinDesk. “These low order book levels can be an early sign of a price reversal and often precede a bullish trend.”
