Day 23 of 100: What is a Spot Order Book on Binance?
The Spot Order Book is where all buy and sell orders are listed for a specific trading pair. It’s your real-time window into what other traders are doing.
Here’s what you’ll see:
Buy orders (bids): Traders willing to buy at certain prices — shown in green.
Sell orders (asks): Traders willing to sell at certain prices — shown in red.
Order price & quantity: Each row shows how much someone wants to buy or sell and at what price.
Why it matters:
You can see the market sentiment and liquidity.
Helps you decide if you should place a market order (instant) or a limit order (wait for your price).
You can spot support/resistance levels based on stacked buy/sell orders.
Understanding the order book gives you a big edge — it’s like reading the market’s heartbeat.
