Day 17. Yesterday I wrote about order flow. Today I spent time thinking about market depth.
It's a simple idea: volume tells you how much traded. Depth tells you how much can trade without moving price.
$ZEC traded $1.85 billion today. That's huge volume for a privacy coin. But I started wondering: what does ZEC's order book actually look like? Is that volume coming through thick liquidity, or thin?
I don't know the answer yet. I don't have the tool to check depth in real time. But the question itself is new for me.
Two weeks ago, I would have seen "$1.85 billion volume" and just thought "that's a lot." Now I'm asking a follow-up question.
That's the shift. Not knowing more answers. Asking better questions.
Day 17. Still watching. Still learning.
#CryptoJourney #Day17 #BinanceSquare
It's a simple idea: volume tells you how much traded. Depth tells you how much can trade without moving price.
$ZEC traded $1.85 billion today. That's huge volume for a privacy coin. But I started wondering: what does ZEC's order book actually look like? Is that volume coming through thick liquidity, or thin?
I don't know the answer yet. I don't have the tool to check depth in real time. But the question itself is new for me.
Two weeks ago, I would have seen "$1.85 billion volume" and just thought "that's a lot." Now I'm asking a follow-up question.
That's the shift. Not knowing more answers. Asking better questions.
Day 17. Still watching. Still learning.
#CryptoJourney #Day17 #BinanceSquare
