Ethereum: What is the “Count” column in the order book on Bitfinex?

Understanding the column “Count” in the book Order Ethereum at Bitfinex

As a crypto -trader, it can be difficult to navigate in a complex and constantly evolving online exchanges, such as Bitfinex. One of the often overlooked aspect of the order book is the “Count” column that appears on various platforms of digital exchanges. But what does this mean for Ethereum traders?

In this article, we dive into the meaning of the “Count” column in Bitfinex’s Ethereum Order Book and examine how it works.

What is the order book?

The number is the number of orders placed at a specific price level at a specific timeframe. In other words, it shows the total number of purchasing and sales orders that have been made at a specific price on the stock exchange during that period. The number can be used to measure the market sentiment, identify potential support and level of resistance, and to analyze business activities.

Order book Ethereum on Bitfinex

Ethereum is traded in two main markets: ETH/USDT (US Dollar/Tether) and ETH/BUSD (Bitcoin/Ethereum). The order book for each market shows the number of purchasing and sales orders at different price levels within a specified timeframe. In this article we will focus on the ETH/USDT market.

“Count” column

In Bitfinex’s Ethereum, you will find several columns that provide valuable market information:

* Price : Current price.

* Quantity : Number of purchase orders and sale at a set price.

* Volume : Total volume (number of stores) at a specified price.

* Number : We discuss it here.

The “Count” column is the cumulative sum of all the number of orders at different price levels at the timeframe. It is calculated by counting the number of purchasing and sales orders for each pair of prices, including any margin adjustment or lever effect.

How to interpret the number

To understand the meaning of the number, let’s discuss how it works:

1.

• Number of stores

  : Each order represents one store (buy or sell). Therefore, each number of orders in the “Count” column contains purchases and sales.

3
Value added by new items : When a new order is added to the stock exchange, it contributes to the total number. This means that even if the order has been canceled or carried out several times before, its value remains in the number.

Conclusion

The “Count” column on the book of Ethereum Bitfinex orders provides valuable information on market activity and business sentiment. By understanding how this column works, traders can get a deeper award for the complexity of online exchanges such as Bitfinex.

To summarize:

• The number represents the total number of orders of purchase and sale at specific price levels within the specified timeframe.

• Calculated by adding the number of orders at different prices levels.

• “Count” column on the book of Ethereum Bitfinex is essential for traders to analyze the market activity, identify the levels of support and resistance, and make informed business decisions.

As with any complex topic in the world of cryptom, it is always a good idea to consult several resources and seek expert advice if necessary. Happy trading!