$XRP hit! The order book is clearly sending signals to the long side, yet the price is stuck right against the day’s low and won’t move a step— the more aggressively they buy, the more it doesn’t move. It’s obvious someone is using the buy wall to distribute stock. In the spot market, the depth of the bid side across the 20 price levels is nearly 30% thicker than the ask side, and active bids are also in the lead; still, the price keeps falling, staying pinned at the intraday low without budging. This bid pressure hasn’t pushed the price up even half a step—it’s nothing but a delivery truck for the counterparty’s distribution. The spot leverage long/short ratio has been squeezed out to dozens of times, and within half a day they’re still adding positions. These bullish players up top are the bait for being buried.