true enough except many of them would have been orders left behind from when it was rising more slowly.
The depth is a back to front creature. Apart from stale orders that have been left behind and ignoring often huge manipulative props and caps, all real orders are placed where people expect the price to go.
So lots on the ask - people expect a rise to at least that price and lots of new bids coming in under the price hope for a fall.
How often do you place a genuine order that you don't expect to fill?
See that pile of sellers at 40c? They expect the price to rise to at least 40c. They don't think it will only make it to 39.5
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