0xBDV

🟣 🛡PIVX Market Depth Update Historic Bid Dominance on BTC Pair

1. Bid vs Ask Disparity

For the first time in recorded PIVX-BTC market history, buy-side depth now exceeds sell-side liquidity.

The green wall shows 1.25M PIVX bids @ 0.0000002 BTC, representing over 92% of visible order-book volume, while sell orders total just ~349K PIVX @ 0.0000053 BTC — a >3.5× larger bid book signalling heavy accumulation.

2. Market Psychology

This structural imbalance suggests that whales and institutional wallets are accumulating, not distributing. Historically, when bid liquidity surpasses sell pressure, markets often enter a supply squeeze phase, leading to potential volatility expansions and upward price momentum as sellers deplete.

3. Confirmation Context

The order-book data reinforces the broader multi-timeframe bullish structure I posted about in earlier posts (including the callout on the 27th of September):

- 4H EMA confirmation prints remain intact

- Monthly 1-2-3 bullish reversal formation confirmed

- Long-term rising trendline holding support

Summary:

“Never in PIVX history has bid support outweighed ask supply.”

This is not mere sentiment, it’s structural.

The data shows sustained accumulation, a tightening float, and growing conviction, potentially signalling the next major volatility leg for $PIVX.

I'm bullish on $PIVX

@PIVX_CMC