What Is Order Book Depth? How Can the Distribution of Buy and Sell Orders Help Gauge the Potential Price Impact of Large Orders?

In cryptocurrency trading, the latest price shown on screen does not mean all traders can execute at that price. What really affects how large orders are filled is the volume of buy and sell orders at different price levels. Order book depth can help traders assess the market’s capacity to absorb trades and the potential price impact of buying and selling.

First, what is order book depth?

An order book records limit buy and sell orders that have not yet been fille

11.11 $SOL Today's outlook
CPI headwinds continue to weigh on the market, and the broader bearish trend remains unchanged. The current move is only a weak recovery from oversold conditions; downside room remains after the rebound encounters resistance. Focus on shorting rallies, with short-term longs at support as a secondary strategy.
#美国10月CPI全面超预期
Support: 82.0-82.5, 81.0-81.5
Resistance: 84.5-85.0, 86.0-86.5
Shorts: Enter in batches on a rebound to 84.5-85.0, stop-loss at 86.8, target 82.5, then 81.5 if support breaks
Short-term longs: Lightly test longs if 82.0-82.5 holds on a retest, s

CPI came in hotter than expected, and risk assets are all taking a hit!
Inflation hasn’t cooled, rate cuts are pushed back, and rising Treasury yields are hammering valuations first.
Nvidia fell 10% over two days, and gold fell too—showing the market is cutting risk, not seeking safety.
BTC is still tracking U.S. stocks in the short term. What’s the move before liquidity tightens? And what’s the move once the signals become clear?
Army outlook:
This isn’t a flight to safety—it’s risk-off. If CPI cools or rate-cut expectations return, will that be the time to step up and speak out?

$BTC A holdings structure worth watching closely: Trump Media’s latest quarterly report shows that as of September 30, it held about 15,649 Bitcoin, of which about 11,385 (roughly 73%) had been placed in a yield management program for staking, with counterparties granted rehypothecation rights; another 4,260.73 were pledged as collateral for about $1 billion in convertible bonds. Combined, the two amounts mean virtually all its holdings are locked up in various arrangements.
The income statement shows a different kind of contrast. Third-quarter net income was $409.7 million, compared with a $

Hermes on mobile is worth a try.

What Is a Trailing Stop? How Can You Protect Existing Profits While Leaving as Much Room as Possible for the Trend to Continue?

In cryptocurrency trading, after prices rise, many traders face a dilemma: closing now could mean missing further gains, while continuing to hold means risking a sudden reversal. A trailing stop is a way to dynamically adjust the exit point, with the aim of gradually protecting existing profits when the market moves favorably while avoiding exiting too early.

First, what is a trailing stop?

A trailing stop means adjusting the stop-loss level based on price movement

11.11 ETH Silk Road
$ETH
【Market Analysis】
The asset surged to a period high of 2449.95 before coming under pressure and topping out. A long bearish candle broke through the Bollinger midline, completing a direct shift from bullish to bearish structure. The Bollinger Bands opened downward in tandem, and the price continued to decline along the lower band, hitting a low of 2003.57. MACD is below the zero line, with bearish momentum fully unleashed. The current move is merely a slight rebound after a deep decline, a continuation pattern within the downtrend. There is no trend reversal signal on

Yang Guang bit | Nov 11 BTC’s rebound was a one-day wonder; weakness returns, short at resistance
【Today’s Strategy】
Entry: If price rebounds to the 73800–74400 area
Stop-loss: 74800
Take-profit targets:
First: 72500–72000
Second: 71500–71000
【Key Takeaway】
The violent rebound in U.S. stocks on Monday lasted just one day. On Tuesday, all three major indexes fell: the Dow -0.30%, the S&P 500 -0.38%, and the Nasdaq -0.74%. Weakness in memory chips and another 5.53% drop in Nvidia sent risk appetite back down, showing that amid rate-hike expectations and a high-interest-rate environment, investor

Latest episode update
Bitcoin, gold, US stocks, and Nvidia all have opportunities
Episodes before No. 109 are now free to watch. You can check out my thinking during Bitcoin’s volatile decline over the past 2 months and how to avoid following the crowd and constantly buying the dip.

What Is Strategy Overfitting? Why Should We Be More Cautious When the Historical Returns Curve Looks Better?

In cryptocurrency trading, some strategies have their parameters repeatedly adjusted until their historical returns curve becomes very smooth and their win rate is high. But once they enter the live market, their performance drops significantly. This may be strategy overfitting: the strategy has adapted too closely to specific patterns in historical data without learning how to cope with future market changes.

First, how does overfitting happen?

Common causes include repeatedly adjus

$BTC
The entry plan I shared yesterday is now playing out perfectly!
The first tranche at 72888 has been filled. We can’t be 100% sure this is the bottom, but this is already a very attractive entry. It’d be hard to justify not getting in now!
First target is 92k. Are you guys confident?

$AKE Bullish on futures—let’s set the record straight: In yesterday’s 08:59 post, I was bearish. My take-profit at 0.0021 was just missed (the low only reached 0.00214), then it rebounded all the way through my stop-loss at 0.0029 and surged to a high of 0.00331. I was wrong on this call—the direction was reversed.
Yesterday, AKE nearly halved from its high in a single day. Today, it completely reversed course: up 21% in 24 hours, with combined futures trading volume across two exchanges of around $37 million. It ranged from a low of 0.0023 to a high of 0.00333, and is currently around 0.0029.

11.11 Achen ETH Public Outlook
【Short Setup】$ETH
　　Entry range: around 2080-2100
　　Stop-loss: 2120
Take-profit levels
　　First target: 2063
　　Second target: 2044
Trend target: 2027
Long-term target: below 2004

【Market Analysis】: Price is generally in the lower Bollinger Band range, with the bands opening downward. On shorter timeframes, price is below the moving averages, and the MACD lines are below the zero line. Bearish momentum has not clearly waned, and no strong bullish reversal signal from a bottom divergence has appeared for now. Market depth shows long positio

The Nasdaq is falling, but Bitcoin isn't following it down
A break above 74000 here
There will be a rebound
The rebound is eyeing resistance at 75500...

Hey
Good morning Legend

Why is this happening, Mr. Ma? @elonmusk
Grok bot keeps having its IP mistakenly identified as being in China
This isn’t the first time this has happened
I only find out the IP is blocked when Codex can’t access it
Is this risk-control misclassification related to the cloud provider, or are other AI companies’ risk controls too strict? Could this also be related to the fact that several of my Claude accounts have been banned over the past few days? 😭