I hope so, but that can be a very misleading stat.
The only buyers who matter are those at the top, who may even be off screen and invisible, - and the top sellers. The rest are static.
Which is why I concentrate 100% on the price action.
How much value is a buyer bidding 5 cents below last sale, or a seller asking 5 cents above? Not much.
In my experience, it is not uncommon for powerful moves to advance against the depth, ie. driven by off-screen buyers. I really love it when I see that.
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I hope so, but that can be a very misleading stat.The only...
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