Markets
Why prices differ between exchanges
A coin often shows different prices on different exchanges. Here is why prices differ between exchanges, and why arbitrage narrows…
Markets
How crypto markets function mechanically — order books, bid-ask spreads, slippage, market depth, market makers, liquidity, and exchange mechanics. We explain how markets work, never what to do: no signals, entries, targets, or strategy.
Markets
How order matching engines work
A matching engine pairs buy and sell orders into trades. Here is how order matching engines work, and why price-time…
Markets
What market depth means and how to read it
Market depth shows how much can trade before the price moves. Here is what market depth means and how to…
Markets
Slippage: why you get a different price
Slippage is the gap between the price you expected and the price you got. Here is why slippage happens as…
Markets
What the bid-ask spread tells you
The bid-ask spread is the gap between the best buy and sell prices. Here is what the bid-ask spread tells…
Markets
Market orders vs limit orders, mechanically
Market orders and limit orders are the two core instructions in any market. Here is the mechanical difference: one guarantees…
Markets
How an order book actually works
An order book is the live list of buy and sell orders behind a market. Here is how an order…
Markets
Wash trading: how it’s detected in volume data
Wash trading fakes volume without real change of ownership. How analysts detect it in volume data using depth, price impact,…
Markets
How exchanges handle outages and halts
Outages are involuntary failures; halts are deliberate pauses. How crypto exchanges handle them, what happens to your orders, and the…
Markets
What on-chain flow data shows and what it doesn’t
On-chain flow data reliably shows that transfers happened, but not who owns an address or why coins moved. What it…