RE:RE:Buyers in the weeds...
Basically yes, the big offer is intended to give the perception of a sell bias, or heavy market. Institutions will then often use HOUSE # 1 Anonymous to buy, so there isnt a recognizable recurrance on the buy side of a particular house.
The Iceberg maybe showing 10,000 shares on the bid side, but everytime it trades it re-populates again.. up to some preset limit. which could be any number