#Will CATI market cap surpass DOGS after listing? #Will CATI market cap surpass DOGS after listing? #CATI即将上市，市值能否超越DOGS？

On September 14th, according to data tracked by Hyblock Capital, the market Depth (the collection of buy and sell orders, whether they are close to or far from the market price) dried up over the weekend. This pattern usually occurs at market turning points, indicating that the downward trend of BTC from the high point above $65,000 at the end of August has ended. Liquidity, represented by market Depth, measures the market's ability to absorb large trading orders without affecting the price. It often depends on several factors, including the time of day, market events at that time, and specific price levels. The characteristic of a market bottom is that traders find it difficult to take decisive actions, resulting in a decrease in buy and sell orders and a decline in Liquidity. Shubh Verma, Co-founder and CEO of Hyblock Capital, stated in an interview with CoinDesk: 'By analyzing the comprehensive Spot order book, especially the order books with Spot order book Depths of 0%-1% and 1%-5%, we found that low order book Liquidity usually coincides with market bottoms. These low order book levels may be early indicators of price reversals, often preceding bullish trends.'