Have you noticed how the price sometimes literally "falls through" a level where, according to the order book, there were no orders? Or conversely — reverses from an invisible wall? This is the work of hidden liquidity — the behind-the-scenes play of large participants.
🎭 What is hidden liquidity?
These are large orders that do not appear in the exchange order book but are in the exchange system and are executed when the price reaches the specified level.