🚨 The Real Cost of Moving $1M in Crypto
Spot prices don't tell the whole story—order book depth does. Here is what happened to a $1.0M market order stress-tested across 8 major order books on Oct 29 at 14:00 UTC:
📉 Highest Slippage (Thinnest Books):
$LINK : 25.1 bps (~$2,510 lost on fill)
$ADA : 21.4 bps (~$2,140 lost)
🛡️ Lowest Slippage (Deepest Books):
$BTC : 0.8 bps (~$80 lost)
$ETH : 0.9 bps (~$90 lost)
⚡ The Middle Pack:
$SOL: 2.8 bps
$XRP: 5.6 bps
$BNB: 7.5 bps
$DOGE: 8.0 bps
(1 basis point / bps = 0.01%)
💡 Trader Takeaway: Market ordering size into alts like LINK orADA burns serious profit margin. Use TWAP or Limit Orders instead of hitting market.
Do you execution-trade with TWAP or just smash market orders? Let's discuss below 👇
#Crypto #BinanceSquare #Bitcoin #LINK #TradingTips
Spot prices don't tell the whole story—order book depth does. Here is what happened to a $1.0M market order stress-tested across 8 major order books on Oct 29 at 14:00 UTC:
📉 Highest Slippage (Thinnest Books):
$LINK : 25.1 bps (~$2,510 lost on fill)
$ADA : 21.4 bps (~$2,140 lost)
🛡️ Lowest Slippage (Deepest Books):
$BTC : 0.8 bps (~$80 lost)
$ETH : 0.9 bps (~$90 lost)
⚡ The Middle Pack:
$SOL: 2.8 bps
$XRP: 5.6 bps
$BNB: 7.5 bps
$DOGE: 8.0 bps
(1 basis point / bps = 0.01%)
💡 Trader Takeaway: Market ordering size into alts like LINK orADA burns serious profit margin. Use TWAP or Limit Orders instead of hitting market.
Do you execution-trade with TWAP or just smash market orders? Let's discuss below 👇
#Crypto #BinanceSquare #Bitcoin #LINK #TradingTips