#TradersLeague Binance TradersLeague is truly a gathering of experts! Seeing this guy's BNB/USDT trade reminds me of an important concept in DeFi - slippage.

Look at his order, 0.03 BNB, with the order time precise to the second, and the execution price is 649.73 USDT. If the trading volume is large or there is insufficient liquidity, the actual execution price may differ from what he expected, and this is the impact of slippage.

Slippage directly relates to trading costs. Especially in a rapidly fluctuating market, setting a reasonable slippage tolerance is crucial. Too low may lead to trade failures, while too high will increase unnecessary expenses.

That said, those who can participate in TradersLeague must have a profound understanding of trading strategies and risk management. I wonder how much USDC reward this friend will ultimately receive? It's really something to look forward to!