$RLC traded about $239M in 24 hours. That is roughly 3× the value of the whole token ($76M).
We checked the order books on 6 major exchanges at 05:40 UTC on 6 October. Buy and sell orders within 1% of the price: about $60,000. The gap between the best buy and sell price: 0.15% to 0.93%.
Volume shows how much changed hands. Liquidity shows how much you can trade without moving the price. Big volume plus a thin book means prices can swing fast, both ways.
Do you check depth before you chase a move?
#RLC #Liquidity #OrderBook
Not financial advice. DYOR.
We checked the order books on 6 major exchanges at 05:40 UTC on 6 October. Buy and sell orders within 1% of the price: about $60,000. The gap between the best buy and sell price: 0.15% to 0.93%.
Volume shows how much changed hands. Liquidity shows how much you can trade without moving the price. Big volume plus a thin book means prices can swing fast, both ways.
Do you check depth before you chase a move?
#RLC #Liquidity #OrderBook
Not financial advice. DYOR.
