The difference between BID and ASK in the Spot market across various Bitcoin exchanges has continued to decrease in the short term whenever BTC approaches $100k. Currently, the recorded difference is -139 USD, reflecting stronger selling pressure.
The Difference Bid-Ask Mean Price Spot (USD) measures the difference between the average buy order price (BID) and the average sell order price (ASK) in the Spot market, using the dollar as a reference.
This metric helps identify the balance between buying and selling pressure in the market. Positive values indicate stronger buying pressure, while negative values suggest a higher volume of sell orders.
It is a valuable tool for analyzing Spot market sentiment and understanding how buyers and sellers are positioned, especially during periods of high volatility or at key price levels, such as $100k for Bitcoin.
๐ alphractal
๐ platform.alphractal
