Please help me understand more about depth charts.

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Relative newbie here.

I know how to read a depth chart in the most basic sense, that the numbers to the right indicate how much BTC is being offered for sale at a particular price, and the numbers on the left indicate how much BTC is wanted for purchase at a particular price.

Usually when I look at a depth chart, both sides are relatively balanced. But in [this example](, it looks like there is significantly more BTC in supply than there is in demand. Am I correct?

If I am correct, logic would lead me to think that the price of BTC would be more likely to go down than up. But for a little while, I watched the price with the depth chart looking this way and, although it has fluctuated some, the price has stayed relatively stable (for this very short time).

In general, what are some ways that the information from a depth chart can be interpreted in the context of trying to decide what the price is likely to do? Also, what are some other useful ways to analyze the data on a depth chart?

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