"Price is manipulated by the sum total of volume on either side of the order book."
I believe that's absolutely correct. If you look at the sell side of WBT at the moment, it is stacked with multiple orders of $20k each where most of them are well out of the money but serve to inflate the total of the sell queue to the point that it appears there is a large volume of money trying to sell and escape Weebit.
Total buys 366,494, Total sells 567,708.
But the sell queue includes a $20k order at each of $3.90, 4.00, 4.20, 4.28, 4.34, 4.40, 4.46 and 4.50. That's $160k worth to start with and I would be amazed if all of those $20k orders are genuine.
WBT Price at posting:
$3.52 Sentiment: Buy Disclosure: Held
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