16 MILLION USDT VOLUME HAS NO MEANING; 16 MILLION USDT IN THE ORDER BOOK RIGHT NOW.
At 22:37 ICT, SAGA trades around 0.01551 USDT, up 9.07% over the past 24 hours with 16.46 million USDT in converted volume. But the latest snapshot of the 5 closest levels in the order book shows only about 5.5 thousand USDT on the bid side and 4.3 thousand USDT on the ask side; the spread is around 0.13%.
Lesson: volume is accumulated trading activity, while depth is the liquidity that can be matched near the current price. Before a large order, compare the order size with the depth and consider slippage. High volume does not guarantee a smooth fill. #QuanLyRuiRo $SAGA
At 22:37 ICT, SAGA trades around 0.01551 USDT, up 9.07% over the past 24 hours with 16.46 million USDT in converted volume. But the latest snapshot of the 5 closest levels in the order book shows only about 5.5 thousand USDT on the bid side and 4.3 thousand USDT on the ask side; the spread is around 0.13%.
Lesson: volume is accumulated trading activity, while depth is the liquidity that can be matched near the current price. Before a large order, compare the order size with the depth and consider slippage. High volume does not guarantee a smooth fill. #QuanLyRuiRo $SAGA