What does a -1.5 spread mean in the context of cryptocurrency trading?

3 answers

• Courier serviceJul 08, 2022 · 3 years ago
  A -1.5 spread in cryptocurrency trading refers to the difference between the bid and ask prices of a particular cryptocurrency pair. It indicates that the bid price is 1.5 units lower than the ask price. This spread is an important metric for traders as it represents the cost of executing a trade. A wider spread suggests lower liquidity and higher transaction costs, while a narrower spread indicates higher liquidity and lower transaction costs.
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• Anup PandeyOct 04, 2022 · 3 years ago
  When you see a -1.5 spread in cryptocurrency trading, it means that the bid price is 1.5 units lower than the ask price. This can be interpreted as a sign of bearish sentiment in the market, as sellers are willing to accept lower prices than buyers are willing to pay. It may also indicate a lack of liquidity in the market, which can lead to higher volatility and potential price slippage.
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• rolnixJun 04, 2022 · 3 years ago
  In the context of cryptocurrency trading, a -1.5 spread means that the bid price is 1.5 units lower than the ask price. This spread can vary across different cryptocurrency exchanges and trading pairs. For example, on BYDFi, a -1.5 spread for Bitcoin against USDT indicates that the bid price for Bitcoin is 1.5 USDT lower than the ask price. It's important to consider the spread when placing trades, as it can impact the overall profitability of your trades.
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