Bitcoin buy walls on all exchanges are now strong enough to neutralize sell walls.
Cryptoquant CEO Ki Young Ju recently stated that, according to the Data from the last cycle (2020-2022) It's the accumulated difference between quoted buy and sell volumes. Since May 2021, sell walls had been consistently thicker than buy walls until the end of the cycle.
Now, Bitcoin buy walls on all exchanges are now strong enough to neutralize sell walls.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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