What is the difference between bid/size and ask/size in the context of cryptocurrency trading?

3 answers

• Nov 26, 2021 · 3 years ago
  When it comes to cryptocurrency trading, bid/size and ask/size are important terms to understand. The bid/size refers to the highest price a buyer is willing to pay for a particular cryptocurrency, along with the quantity they are looking to buy. On the other hand, the ask/size represents the lowest price a seller is willing to accept for the cryptocurrency, along with the quantity they are looking to sell. These terms are crucial in determining the current market price and liquidity of a cryptocurrency. Traders can place bids or asks based on their desired price and quantity, and when a bid and ask match, a trade is executed.
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• Nov 26, 2021 · 3 years ago
  Bid/size and ask/size are key components of the order book in cryptocurrency trading. The bid/size represents the demand from buyers, indicating the quantity of a cryptocurrency that buyers are looking to purchase at a specific price. On the other hand, the ask/size represents the supply from sellers, indicating the quantity of a cryptocurrency that sellers are looking to sell at a specific price. By analyzing the bid/size and ask/size, traders can gauge the market sentiment and potential price movements. Higher bid/size indicates strong buying interest, while higher ask/size suggests a larger supply of the cryptocurrency.
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• Nov 26, 2021 · 3 years ago
  In the context of cryptocurrency trading, bid/size and ask/size play a crucial role in determining the market price and facilitating trades. When a buyer places a bid at a specific price and quantity, it is recorded in the bid/size column of the order book. Similarly, when a seller places an ask at a specific price and quantity, it is recorded in the ask/size column. The bid/size and ask/size continuously update as new bids and asks are placed. The bid/size represents the total quantity of a cryptocurrency that buyers are willing to purchase at a given price, while the ask/size represents the total quantity that sellers are willing to sell at a given price. The difference between the highest bid and the lowest ask is known as the bid-ask spread, which reflects the liquidity and market conditions of the cryptocurrency.
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