Excessively low marks of the TradFi Volume Depth may hint at a short-term respite in the crypto market.

Excessively-low-marks-of-the-TradFi-Volume-Depth-may-hint-at-a-short-term-respit

- On the chart, you can see a direct relationship between the price action of BTC and the trading volume of Traditional Finance (TradFi), i.e., the US Stock Market.

- In this case, we are talking about a direct relationship between BTC and the US Stock Market Volume Depth. When the Volume Depth Oscillator crosses the 0-line from top to bottom, BTC is subject to bearish turbulence. When the Volume Depth Oscillator reaches minimum values ​​(sometimes with bullish divergences), there is a particular fixation of the local bottom of BTC, and then there is a bullish rebound.

- The current situation shows that around September 25, 2022, the Volume Depth Oscillator reached excessively low values ​​comparable to February-March 2020, which may hint at some respite for Bitcoin, and the price may bounce to the $21,500-$24,500 cluster.