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What Is Heatmap on Binance Spot Trading

What Is Heatmap on Binance Spot Trading

2022-12-07 08:49

What is the Heatmap?

The Heatmap displays the top 30 cryptocurrencies by market cap and trading volume in the Binance Spot market. It shows real-time data in blocks to reflect the rising or declining trends.

What data can I find on the Heatmap?

The Heatmap enables traders to quickly analyze the performance of crypto in the Binance Spot market in terms of trading volume and market cap changes. There are two types of Heatmap on the Binance Spot market, Trading Volume Heatmap and Market Cap Heatmap.
You can quickly view the price movement of a particular cryptocurrency on the Heatmap. Different colors represent different price movements on a rolling 24-hour basis. By default, green means that the coin’s price has been going up, while red means that it has been declining. Gray means that it has been static. The different shades of color also give you an insight into how the coin’s price has changed over the last 24 hours:
  • 0% = gray
  • 0 - 10% = light green/red
  • 10 - 20% = green/red
  • 20%+ = dark green/red
You may notice the blocks are in different sizes. On the Trading Volume Heatmap, the higher the trading volume a coin has on the Binance Spot market, the bigger its block. Similarly, on the Market Cap Heatmap, the higher the coin’s market cap, the bigger its block.
In addition, you can find the Binance Spot market data of the particular coin in the block, including
  • Current price (in fiat);
  • 24-hour price change (in percentage).
To view additional information about the coin, such as its trading volume and market cap, hover over its block. If you click on the block, you will be redirected to the coin’s trading page.

How to access the Heatmap in the Binance Spot market?

1. Log in to your Binance account and go to [Trade] - [Spot].
2. Click [Settings]. Select [Advanced] and toggle on the button next to [Heatmap].
3. Scroll down on the trading interface and you will see the Heatmap.
4. Click the arrow on the top right corner of the Heatmap to switch between the [Trading Volume] and the [Market Cap] Heatmaps.