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#Will CATI market cap surpass DOGS after listing?
According to data tracked by Hyblock Capital on September 14th, the market depth (i.e., all buy and sell orders close to or far from the market price) was exhausted over the weekend. This pattern usually occurs at market turning points and indicates the end of the downward trend of BTC from the $65,000 peak at the end of August. Liquidity measures the ability of the market to absorb significant trading orders without affecting prices. It often depends on several factors such as the time of day, current market events, and specific price levels. Characteristics of a market bottom include traders struggling to make sharp decisions, a decrease in buy and sell orders, and a decrease in liquidity. Shubh Verma, co-founder and CEO of Hyblock Capital, said in an interview with CoinDesk, 'Low liquidity in the order book often corresponds to the market bottom, as analyzed by the Global Spot order book, especially order books with 0-1% and 1-5% depths. These low order book levels can be early indicators that may signal a reversal in price before an upward trend.' #BTC