When looking at $ICP , let's talk not only about the number itself, but also how to read it.
Binance Spot, 11/05 14:00–15:00 (Beijing time): the price rose 0.92% over this hour, with a trading volume of 55,800 USDT, 0.9 times that of the previous hour. The closing price for the period was 2.639 USDT.
The latest price is not the same as the average execution price: the latest price comes from the most recent trade, while the average execution price is calculated from a set of actual trade records. If an order is filled in multiple parts, simply copying the price of the last fill leaves out the quantities and prices of the other fills. Usually, you should calculate a weighted average based on the quantity of each fill. The latest price on the chart, the average order price, and the cost basis in your account can all differ, because each is based on a different set of data.
When prices don't match, first ask whether the number represents a single trade, an order, or a statistic over a period of time.
#ICP #CryptoChat
Binance Spot, 11/05 14:00–15:00 (Beijing time): the price rose 0.92% over this hour, with a trading volume of 55,800 USDT, 0.9 times that of the previous hour. The closing price for the period was 2.639 USDT.
The latest price is not the same as the average execution price: the latest price comes from the most recent trade, while the average execution price is calculated from a set of actual trade records. If an order is filled in multiple parts, simply copying the price of the last fill leaves out the quantities and prices of the other fills. Usually, you should calculate a weighted average based on the quantity of each fill. The latest price on the chart, the average order price, and the cost basis in your account can all differ, because each is based on a different set of data.
When prices don't match, first ask whether the number represents a single trade, an order, or a statistic over a period of time.
#ICP #CryptoChat