What is market impact cost? Why can a large order keep driving up the purchase cost or pushing down the selling price as it is executed?

In cryptocurrency trading, a large order cannot necessarily be filled at the latest price shown on screen. When an order exceeds the quantity available at the current price level, it must continue matching with sell orders at higher prices or buy orders at lower prices, creating market impact costs. These are an important component of actual execution costs and are especially worth considering for large traders.

First, what is market impact cost?

Market im

Let’s first review last night’s call. Yesterday I said that if CPI came in notably hot, we should watch out for 73500 breaking, with 72000 next. The data showed U.S. October CPI rose 0.4% month over month and core CPI rose 0.3%, both above expectations (0.3% and 0.2%). Year-over-year figures weren’t released this time because last year’s government shutdown left no comparable base. After the data came out, BTC plunged from around 74400, staged a false rebound to near 74800, then dropped again, hitting an overnight low of 72736. The direction was right and 73500 broke, but the low stopped at 72

Understand DeFi Protocols: Don’t Just Focus on APY—Where Does Yield Come From? Who Bears the Risk?

In DeFi (decentralized finance), one question that’s easy to overlook is: when a protocol displays an attractive annual percentage yield, where does that yield actually come from?

APY is just a way of displaying the result; it cannot by itself prove that a protocol is worth participating in.

To assess whether a DeFi protocol is sustainable, consider these four aspects.

I. Where does the yield come from?

Yield may come from interest paid by borrowers, trading fees, liquidity incentives, or to

$inj long
Sl: $8.1468
Tp: $8.6966
1.8R

Third trade, fourth trade... multiple longs at the same price level. But they were all protected at breakeven, so that still counts as a win.$XAUUSD #美伊谈判出现新进展

What Is the Bid-Ask Spread? Why Can Seemingly Small Spreads Have a Persistent Impact on High-Frequency Trading and Frequent Entries and Exits?

In crypto trading, many people focus only on price movements and overlook the spread between buying and selling. Even when the market price does not change significantly, traders may incur actual costs from the bid-ask spread and fees. The more trades they make, the more important these costs become.

First, what is the bid-ask spread?

The bid-ask spread is the difference between the current lowest ask and highest bid. For example, if the highest bid

$AKE Can you support individual users? I joined today and everything is in the red

Today’s Gospel Luke 17:7-10 Is a stark reminder that the good works we do, are obliged to do
The point Jesus is making is simple. You have an obligation to follow his commandments and do good works.
Good works don’t earn your place in heaven but failing to fulfill your obligations means you forfeit
heaven.
Jesus repeatedly warns against failing to do the Father’s will.
✝️Matthew 7:21: “Not everyone who says to me, ‘Lord, Lord,’ will enter the kingdom of heaven, but the one who does the will of my Father.”
✝️Luke 6:46: “Why do you call me ‘Lord, Lord,’ and not do what I tell you?”
The New Te

Shenyu Crypto just broke a rather intriguing story: the founder of a company that has yet to go public plans to cash out $1.75 billion during its IPO. It’s hard not to wonder: does he lack confidence in the future of the company he built from the ground up, or does he have another plan? $ANTHROPIC This is worth keeping an eye on. Markets involve risk, so make decisions carefully. (The above reflects personal opinion only and does not constitute investment advice. Please consider market risks rationally.)

Everyone says CPI crushed BTC to 73,000. But whales were already selling before CPI was released.
Over the past week, large addresses cut their holdings by more than 34,000 BTC, and the price slid from 79,000 to below 73,000. At the same time, Ethereum whales kept trimming their holdings, selling about 17,800 ETH over the week. At recent prices, that was worth about $40 million.
BTC whales are dumping in plain sight; ETH whales are quietly exiting.
CPI just turned selling from “orderly” into a “stampede”: $632 million liquidated in 24 hours, including $511 million in longs, while the probabili

Why Do False Breakouts Happen So Often? Understanding the Liquidity Logic

In the crypto market, many traders have had this experience: the price has just broken through a resistance level, and they immediately go long, only for the market to suddenly reverse and the price to fall back into its previous range. They thought they had caught an opportunity to ride the uptrend, but ended up buying at the top. This is a common phenomenon in trading known as a false breakout.

Why do false breakouts keep happening?

First, when the price breaks through a key level, stop-loss orders, breakout trades,

#Gate股票暢聊季 AI hasn’t collapsed; what collapsed is “narrative pricing”

The main shift in this pullback is that AI is moving from a “narrative pricing” framework to “cash flow pricing.” During the transition, the most profitable investments aren’t the purest AI stocks, but the companies that can turn capex into free cash flow.

I. How far have stocks fallen?

The Nasdaq 100 closed at 27,740, down about 14% over three weeks. Last Thursday, it fell 6.36% in a single day, its biggest one-day drop since March 2020; the tech sector shed about $2.5 trillion in a day, and the Magnificent Seven lost a

BTC 73960 short, ETH 2060 short, and xau 4050 short are in profit. Take profits while ahead for now; if it moves up, short near the second add-on level

Taiwan stocks briefly surged to 43,385 points before noon, with a big bullish candle in TSMC pushing the index back above 43,000. #Gate上线台股交易 #美股AI概念股普跌

The TAIEX opened at 43,135 points this morning, then climbed to an intraday high of 43,385, up 674 points. At around 10:23, it was last at 43,190, up 511 points (+1.2%), back above the 10-day moving average, with turnover estimated at NT$985.6 billion. It closed at 42,711.92 points yesterday (up 1,050 points), and today marks the third day of the rebound.

The driving force was TSMC: October revenue rose more than 59.7% year over year to a r

When You Buy an NFT, Do You Own the Copyright to the Work? Many People Get It Wrong from the Very First Step

In the Web3 world, buying an NFT often means gaining control of a specific on-chain token. But does that mean you also own the copyright to the corresponding image, music, or digital work?

The answer is: not necessarily.

To understand the true value of an NFT, you need to distinguish between three different concepts.

I. You Own the On-Chain Token, Not Necessarily the Copyright to the Work

An NFT is a non-fungible token recorded on a blockchain. It can be used to identify a specific

11.11 SOL Market Analysis

Short: around 83.90-84.30, stop-loss at 84.80, targets 82.50/81.30.

SOL is currently at 83.47. The broader bearish trend remains unchanged. After a short-term rebound touched 84.25, price pulled back, leaving a long upper wick, with heavy selling pressure overhead.

Price is in the middle of the range, so don't chase shorts for now. Wait for a rebound to 83.90-84.30 and enter only if it meets resistance. Exit if it breaks above 84.80; look toward 82.50, then 81.30 if that level breaks. $SOL #Gate全球合规版图扩展

11.11 ETH Trading Setup

　　ETH is currently seeing an oversold rebound after a sharp drop, and the bearish trend has not reversed. The price bottomed at 2003 and stabilized around 2050, while a MACD golden cross below the zero line supports a short-term recovery. Support levels are 2040-2045 and 2020-2025, in that order; a break below the 1998-2000 level would end the rebound. Resistance levels are 2070-2075 and 2095-2100, in that order, with 2125-2130 as the trend pivot.

　　Entry range: Light long near 2020 (strong support zone at the lower Bollinger Band and above the previous low)

　　Stop-l

Intraday trades
② Entered short at 4046, stopped out at 4051, -473 dollars
③ Entered short at 4047, exited at 4043, gained 420 dollars
A sharp morning surge is driving a strong uptrend. Wait for market conditions to stabilize before adding to the position!$XAU #AVAX利好短时上涨6.4% #黄金 ‌