The "supply shock" everyone was talking about and waiting for in 2020/21, if does, most likely will happen 4 years later.. many are not ready for it.
Discussion
I believe I follow however what is “ask depth”? I’m not familiar with this term #askNostr
The depth of the Order book. You have bid and ask, woth order limits set at various level prices with a certain volume for every range of price in both directions (sellers and buyers). An empty book on one side, can lead to high volatility towards that, since the demand doesn't match one order.
Hope this helped, not a technical myself and not English mother language so.. 🫂