Bid
Price at which buyers are willing to purchase an asset.
Beginner-friendly explanation
The 'bid' price is the price at which you can immediately sell your crypto on the market. Example: If Bitcoin’s bid price is $30,000, that's the highest price you can sell it for immediately.
Intermediate-level insight
The bid price represents the current best buyers’ offer in the order book. It constantly evolves based on buyers’ orders. Example: The order book shows a bid of $1,245 for Ethereum. That’s the highest price buyers are immediately willing to pay. If you sell at market, you immediately sell at that price.
Advanced perspective
The bid constitutes the upper bound of the bid-ask spread. Deep order book analysis allows experienced traders to anticipate immediate support levels, underlying buying pressure, and adjust their limit orders or scalping strategies accordingly. Example: An algorithmic trader closely monitors bid volume and its evolution to identify optimal entry zones based on immediate supports.
Markets & Order Types
bid, buying price, buyer, order book, spread, liquidity