BTC surged to around 87,000 yesterday before pulling back, and was still hovering near 85,800 in early trading today. At levels like this, it’s easy to fall for a particular illusion: the candlestick chart looks fine, and so does the trading environment.
But I’m more concerned about something else: Has the quote book thinned out? Have spreads widened? Is the actual execution of the same-size order starting to drift?
When reviewing trades, many people focus only on whether they got the direction right, overlooking order quality. After the market shifts from a rally and pullback to a narrow-range tug-of-war, changes in the order book often warn you before the price does: the order may look unchanged, but execution costs have already shifted.
My rule of thumb is that the more the market is in a “direction still undecided” phase, the more important it is to compare trading conditions first. Depth, spreads, trigger conditions, fees, and execution slippage—even small differences can add up to real losses when you’re trading frequently or using a larger notional size.
The value of an execution-focused comparison view like PerpEX isn’t that it tells you whether prices will rise or fall. It’s that it prompts you to ask one more question before placing an order: Is this route still worth taking right now?
#BTC #ETH
But I’m more concerned about something else: Has the quote book thinned out? Have spreads widened? Is the actual execution of the same-size order starting to drift?
When reviewing trades, many people focus only on whether they got the direction right, overlooking order quality. After the market shifts from a rally and pullback to a narrow-range tug-of-war, changes in the order book often warn you before the price does: the order may look unchanged, but execution costs have already shifted.
My rule of thumb is that the more the market is in a “direction still undecided” phase, the more important it is to compare trading conditions first. Depth, spreads, trigger conditions, fees, and execution slippage—even small differences can add up to real losses when you’re trading frequently or using a larger notional size.
The value of an execution-focused comparison view like PerpEX isn’t that it tells you whether prices will rise or fall. It’s that it prompts you to ask one more question before placing an order: Is this route still worth taking right now?
#BTC #ETH