Wow, buy side has collapsed on finex. This will be interesting!
The walls are frequently put up in the opposite direction to the way the price will move. Stepped sell walls on finex could be a signal the price is going up.
I'd be more worried for the 14.5k BTC in red shorts. ATH shorts in $ terms and I think the worst ever ratio to the longs ($21mm).
Thats why the sell side is huge, the shorts don't want to get squeezed. Almost the entire sell side is shorts waiting to be filled, so they "try" to safeguard already open shorts while "trying" to short the top as well. It usually never ends well for them in a bull market, but Im not going to tell a bear that.