HTF orderbook analysis on top 4 majors (Binance Spot) $BTC: Largest bid skew + lowest ask liquidity in over 2 years $XRP: Lowest overall liquidity in over a year + largest bid skew in nearly a year $SOL: Lowest overall liquidity in nearly 2 years + largest bid skew in a year $ETH: Lowest ask liquidity in nearly a year + largest bid skew since 2021

Overall these books are telling me 1 thing: After the fallout over the last month, participants were surprised by the depth and speed of the drop and weren't thinking it was time to "buy the dip" and scale in After the 60k sweep on BTC, participants changed their tune and all of a sudden seem interested in prices near those lows + -15% lower.