DerivativesIntermediate
Order book depth
How many buy orders (bids) and sell orders (asks) are waiting at each price around the current price.
- What it means
- Deep books absorb large orders with small price moves; a thin book lets price jump more easily.
- What to watch
- Large liquidity walls, and whether they stay or are pulled as price comes close.
- How Compass-Alpha uses it
- Background only; not used in any figure on Compass-Alpha.
Free guides and tools
Crypto Fear & Greed IndexBitcoin DCA calculatorCrypto taxCrypto basics