What is the meaning of bid x size in the context of cryptocurrency trading?

3 answers

• Feb 18, 2022 · 3 years ago
  In cryptocurrency trading, the term 'bid x size' refers to the highest price at which a buyer is willing to purchase a particular cryptocurrency, along with the quantity they want to buy. It represents the demand side of the market and is usually displayed on the order book. The 'x size' part indicates the quantity or size of the bid. For example, a bid x size of 10 BTC means that a buyer is willing to purchase 10 BTC at the specified bid price. It's important to note that the bid x size can change dynamically as new bids are placed or existing bids are filled.
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• Feb 18, 2022 · 3 years ago
  Sure! 'Bid x size' is a term used in cryptocurrency trading to represent the highest price a buyer is willing to pay for a particular cryptocurrency, along with the quantity they want to buy. It's like placing an order to buy at a specific price and quantity. The 'x size' part indicates the size or quantity of the bid. For example, if someone places a bid x size of 5 BTC at a price of $10,000, it means they are willing to buy 5 BTC at that price. The bid x size can change as market conditions and buyer behavior fluctuate.
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• Feb 18, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, explains that 'bid x size' in the context of cryptocurrency trading refers to the highest price a buyer is willing to pay for a specific cryptocurrency, along with the quantity they want to buy. It represents the demand side of the market and is an essential component of the order book. The 'x size' part indicates the size or quantity of the bid. For example, a bid x size of 10 ETH means that a buyer is willing to purchase 10 ETH at the specified bid price. It's important to keep in mind that bid x size can change as new bids are placed or existing bids are filled, reflecting the dynamic nature of the market.
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