If this theory is true, it shows that BTC lacks book depth and the current price is just speculation on the edges, not a true price for the entire stock of BTC.

If this theory is true, it shows that BTC lacks book depth and the current price is just speculation on the edges, not a true price for the entire stock of BTC. (That is, if a large portion of BTC users wanted to get out of BTC, they couldn't realize the nominal market price.)