Open Order:
An open order is a trade request that has been placed but not yet executed.
Types of Open Orders: Includes limit orders, stop-limit orders, and other conditional orders that await matching with a buyer or seller.
Example: If you set a limit buy order to purchase Bitcoin at $30,000, it will remain an open order until the market price matches your specified price.
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Holdings:
Holdings represent the assets or cryptocurrencies you currently own in your Binance account.
Includes:
Spot Wallet Holdings: Cryptos available for immediate trade or withdrawal.
Locked Assets: Funds held in staking, savings, or other investment programs.
Asset Value: The total value of your holdings fluctuates with the market price.
Both terms are crucial for monitoring and managing your trades effectively.