Dec. 4 at 6:20 PM
$CYPH What does it mean when a big bid shows up. Just to eliminate the speculation here, here is what ai says which is what we knew all along. Nobody freakin knows lol:
A heavy bid = buying interest, not selling or shorting pressure.
Active shorting shows up as large volume hitting the ask (offer gets eaten rapidly).
Active short covering shows up as large volume hitting the bid (bid gets eaten rapidly, tape prints green/up-ticks).
A heavy bid that stays heavy while the stock is dropping or holding usually means someone is absorbing selling (could be longs accumulating or market makers), not shorts adding to their position.
