That is wrong If 50+ million are trying to buy at 0001 and i am one of them, as a see it and no one selling at 0001. NO trades will happen.
If even 1 shares is offer at 0001 and i was the only buyer i would get that shares and that has not happen so all
All those orders are buys at 0001 or to sell at 00011 - 00014. with no buyers 00011 - 00014.
and us avg guys can not sell at those #'s
So your are not right.
The word bids only have a meaning of selling if some one will sell at the price and there is a buyer, then there is a trade .. I am the buyer so where is the seller !!!