After the sharp drop from 81K, the rebound makes the order book especially deceptive.
Many people see the price bounce back and assume the order conditions have recovered too. But what matters most isn’t whether the candlestick has bounced back—it’s how many levels of quotes your order will sweep, whether the spread has widened, whether depth is concentrated only at the top level, and whether your trigger might lag.
In this kind of market, small orders look smooth. But as soon as you place a larger order, slippage starts to show. Your view on direction hasn’t changed, but your actual costs have. You think you’re buying at the same price, but end up with a very different execution result.
My approach is to check the spread first, then the depth, and then compare execution results for the same order size across different routes. The real value of an execution-comparison view like PerpEX isn’t telling you whether you should trade—it’s letting you know before you click whether poor order quality is going to eat into your trade.
#BTC
#ETH
Many people see the price bounce back and assume the order conditions have recovered too. But what matters most isn’t whether the candlestick has bounced back—it’s how many levels of quotes your order will sweep, whether the spread has widened, whether depth is concentrated only at the top level, and whether your trigger might lag.
In this kind of market, small orders look smooth. But as soon as you place a larger order, slippage starts to show. Your view on direction hasn’t changed, but your actual costs have. You think you’re buying at the same price, but end up with a very different execution result.
My approach is to check the spread first, then the depth, and then compare execution results for the same order size across different routes. The real value of an execution-comparison view like PerpEX isn’t telling you whether you should trade—it’s letting you know before you click whether poor order quality is going to eat into your trade.
#BTC
#ETH