Trading & Pricing

Orderbook Depth

USD value of buy/sell orders within ±1% or ±2% of mid-price (liquidity)

Category: Trading & Pricing Also known as: 3 Related terms: 1

Definition

Cumulative size of orderbook entries within a given % of the mid-price. Indicator of how much BTC can move at current price. Falling depth = thinner liquidity, larger price impact for the same size order. We snapshot Binance every minute.

Context anchor

Healthy: $50–100M ±1% depth; <$30M = thin; spikes >$200M signal liquidity event

Example

$50M depth within ±1% — strong liquidity for large fills

Also known as

orderbook depthorder book depthbid-ask depth