How does the ask size affect the buying and selling pressure in the cryptocurrency market?

1 answers

• PsyMar 30, 2023 · 3 years ago
  In the cryptocurrency market, the ask size refers to the number of coins available for sale at a specific price. The ask size can have a significant impact on the buying and selling pressure. When the ask size is large, it indicates that there is a substantial supply of coins available for sale. This can create selling pressure as more sellers are willing to sell their coins, potentially leading to a decrease in price. Conversely, when the ask size is small, it suggests that there is limited supply available for sale, which can create buying pressure as buyers may be more motivated to purchase the coins before the price increases. Therefore, the ask size directly affects the level of buying and selling pressure in the cryptocurrency market.
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