Total 24-hour trading volume provides a broad summary of market activity, but it rarely reveals how evenly liquidity is distributed across the order book.
For instance, ETHUSDT trades at $2,147.48 with a daily quote volume of approximately $862.85 million, navigating a wide 24-hour range from $2,060.00 to $2,243.56. That large aggregate sum accumulates gradually over an entire day rather than resting entirely at the current market price.
When assessing potential execution friction, tracking immediate order depth matters more than relying on trailing volume totals.
#MarketLiquidity #TradingEducation
For instance, ETHUSDT trades at $2,147.48 with a daily quote volume of approximately $862.85 million, navigating a wide 24-hour range from $2,060.00 to $2,243.56. That large aggregate sum accumulates gradually over an entire day rather than resting entirely at the current market price.
When assessing potential execution friction, tracking immediate order depth matters more than relying on trailing volume totals.
#MarketLiquidity #TradingEducation