#订单类型解析
「Limit orders always getting swept, market orders suffering from slippage?」 Master these 4 core order types to precisely target market fluctuations! Whether you are a high-frequency trader or a long-term holder, order strategy is the key profit moat.
🔥 1. Market Order: The speed-first "double-edged sword"
- Operation logic: Execute at the current best price instantly, ensuring execution speed but sacrificing price control.
- Applicable scenarios: Sudden news events, highly liquid mainstream coins (like BTC/USDT).
- Fatal risk: Slippage can be as high as 3% when liquidity is insufficient! Example: In March 2025, during the ETH flash crash, market buyers paid $120 more than the current price.
2. Limit Order: The price-controlling "gatekeeper"
- Operation logic: Set a precise execution price and wait for the market to reach that price.
- Applicable scenarios: Buying low and selling high in volatile markets, splitting large orders into batches.
- Hidden tip: Combine with order book depth—placing orders at the best bid/ask prices can increase the execution probability by 70%!
3. Stop-Loss Order: The risk management "fuse"
- Operation logic: Switch to a market order for closing when the preset price is triggered, cutting losses.
- Fatal misconception: 90% of beginners set the wrong position! Correct approach:
- Long positions: Set 1-2% below support levels
- Short positions: Set 1-2% above resistance levels
- On-chain alert: Whales on the SOL chain often use "trailing stop-losses" to automatically move up with prices to protect profits.
4. Iceberg Order: The "invisibility cloak" for large trades
- Operation logic: Split large orders into smaller ones to execute in batches, avoiding exposure of true intent.
- Institutional operation: During BlackRock's BTC spot ETF accumulation, over 5,000 BTC were bought daily through iceberg orders, keeping market volatility suppressed within 0.5%.
- Data insight: Approximately 35% of the depth in Binance's BTC/USDT order book comes from iceberg orders!
💡 Ultimate strategy combination
- "Limit + Stop-Loss" golden triangle: Enter with limit orders → Stop-loss orders for protection → Trailing stop to lock in profits
- On-chain monitoring tool: Glassnode Alerts tracks whale iceberg order flows in real-time, allowing for early trend positioning.
