Price (order book)
The specific value at which buyers or sellers aim to trade a digital asset in the order book.
What is Price (order book)?
In an order book, price refers to the targeted amount for buy or sell orders, with highest bids and lowest asks executing first. For BTC/USD, prices list in columns, such as bids at $60,000 for 10 BTC and asks at $60,020 for 3 BTC. This enables matching, where a buy at or above an ask price triggers a trade.
Prices update dynamically, reflecting supply-demand shifts; clustered prices indicate support or resistance. On Bitfinex, each entry shows price alongside quantity, like $8,218.50 for 20.24 BTC. Illiquid markets may have unrealistic bids distorting prices.
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Order Book
A real-time electronic list of buy and sell orders for a digital asset, organized by price level.