Can the $ETH hourly closing price represent the market’s average trading price for that hour? I’ll look at the two separately, then compare them with my own actual trades.
The 1-hour candlestick for October 31, 10:00–11:00 UTC recorded a trading volume of 40,857.388 ETH and a turnover of approximately 91.7141 million USDT. Dividing the two gives a market volume-weighted average price of approximately 2,244.74 USDT, while the closing price was 2,243.37.
The former summarizes market trades during that hour; it is not your execution price and does not predict price movements. To compare execution prices, use the same contract and time period, distinguish between buy and sell orders, and calculate fees separately. Different time windows cannot be compared directly.
This content may generate Binance Creator Rewards or trading commissions; rewards are not guaranteed.
AI-assisted content; data sourced from Binance’s official contract market data.
The 1-hour candlestick for October 31, 10:00–11:00 UTC recorded a trading volume of 40,857.388 ETH and a turnover of approximately 91.7141 million USDT. Dividing the two gives a market volume-weighted average price of approximately 2,244.74 USDT, while the closing price was 2,243.37.
The former summarizes market trades during that hour; it is not your execution price and does not predict price movements. To compare execution prices, use the same contract and time period, distinguish between buy and sell orders, and calculate fees separately. Different time windows cannot be compared directly.
This content may generate Binance Creator Rewards or trading commissions; rewards are not guaranteed.
AI-assisted content; data sourced from Binance’s official contract market data.
