HAON. Now I understand your perspective. Those kind of switches seldom occur sufficiently to move the pps. Not everyone monitors their bids or asks that closely. Placed and walk away. Return later for results.
L2 is the primary determinate when trying to get the feel of trade momentum or trend. Chewing up the ask is typically the only driving force. Normally, when 300M on the ask, while some adjustment exists by those on line proactively, it needs the buys to chew at the ask until devoured to bump the pps.
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