I find buy or sell walls far out from the current price to be unreliable indicators. The market depth does show that there is more sellers at close to current market price which is a negative indicator.
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Indeed, but you will find this constant sell pressure will drive the price to the floor. Thats clear to see, still too many big whales exiting with huge early gains, they seem to have endless supply of coins. We will see closer to 4k by the end of this month, thats for sure. And i bought a ton at 18k avg. S
I'll be watching to see what happens. I'm hoping the oversupply clears out by the end of the month.