No, a depth histogram does a better job of showing the true picture as you have clowns who place orders miles away from the true price (as in the case of the 0.001 order). The buyers near the market price do vastly outweigh the sellers near the market price, that sell side is as thin as paper
Scandium: The $20 Billion Dollar (PLUS) Opportunity – Rimfire’s Path to Greatness, page-98
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