Can the ask size and bid size of a cryptocurrency change rapidly during high volatility periods?

3 answers

• Jan 12, 2022 · 3 years ago
  Yes, during high volatility periods, the ask size and bid size of a cryptocurrency can change rapidly. This is because high volatility often leads to increased trading activity and a higher number of buy and sell orders. As a result, the ask size, which represents the number of coins available for sale at a given price, and the bid size, which represents the number of coins buyers are willing to purchase at a given price, can fluctuate rapidly as traders adjust their orders to take advantage of price movements.
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• Jan 12, 2022 · 3 years ago
  Definitely! When the market is experiencing high volatility, the ask size and bid size of a cryptocurrency can change faster than a cheetah chasing its prey. It's like a roller coaster ride for these numbers, going up and down in the blink of an eye. Traders are constantly adjusting their orders to catch the best prices, causing the ask size and bid size to change rapidly. So, buckle up and hold on tight during high volatility periods!
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• Jan 12, 2022 · 3 years ago
  Absolutely! When the cryptocurrency market is going wild, the ask size and bid size can change faster than a speeding bullet. It's like a dance between buyers and sellers, with orders flying in and out. Even though I can't speak for all exchanges, at BYDFi, we've seen the ask size and bid size change rapidly during high volatility periods. It's a thrilling sight to behold!
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