Wall sell and wall buy is usually very influential on market activity, because the average coin that always has a big wall then the price increase and the decline will be a little longer or can be said more stable. eg rdd and doge.
Admit it or not, this is one way to influence the market. Newbies who tend to see it panic and follow the sell order. This is one method I'm seeing whales do, specially when their is a price corrections, and in a matter of few hours, we will see a domino effect, crashing the market. So this big buy /sell wall for me is artificial.
One thing I've learnt is never to pay attention to these walls.
Most of the time they are pulled. And even if they aren't pulled and they fill it doesn't tell you much.
Basically tells you there was someone who bought ALOT and someone who sold ALOT. But who is correct?
Exactly. Don't pay attention to this because you will be emotionally affected and panic sells. Again this has proved nothing, doesn't tell you anything but some artificial orders trying to intimidate others (noobs).