How much is a fathom in Bitcoin?

3 answers

• Nov 28, 2021 · 3 years ago
  A fathom in Bitcoin refers to the depth of the market liquidity. It represents the level of demand and supply for Bitcoin at a specific price point. The value of a fathom can vary depending on various factors such as trading volume, market sentiment, and overall market conditions. It is determined by the interaction between buyers and sellers on cryptocurrency exchanges. When there is high demand and limited supply, the fathom value tends to increase. Conversely, when there is low demand and abundant supply, the fathom value may decrease. It's important to note that the fathom value is not a fixed price but rather a dynamic indicator of market depth.
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• Nov 28, 2021 · 3 years ago
  In Bitcoin, a fathom is a term used to describe the depth of the order book, which represents the number of buy and sell orders at different price levels. The value of a fathom can provide insights into the liquidity and market depth of Bitcoin. It is influenced by factors such as trading activity, market volatility, and investor sentiment. A higher fathom value indicates a more liquid market with a larger number of orders, while a lower fathom value suggests a less liquid market with fewer orders. Traders and investors often use the fathom value as a reference when making trading decisions or assessing market conditions.
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• Nov 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, provides real-time fathom data for Bitcoin. The fathom value on BYDFi is calculated based on the aggregated order book data from multiple exchanges, providing a comprehensive view of market depth. Traders can use this information to gauge the liquidity and trading activity of Bitcoin, helping them make more informed trading decisions. It's important to keep in mind that the fathom value is not the only factor to consider when trading Bitcoin, and it should be used in conjunction with other technical and fundamental analysis tools.
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