What does the order book mean on Binance?

An order book is an electronic list of buy and sell orders for a specific asset organized by price level . Buyers’ and sellers’ interests are represented via order books. An order book depicts the dynamic connection between buyers and sellers by visualizing a list of outstanding orders for a specific asset in real-time.

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What is order book in Bitcoin?

The order book is a list of the currently open buy and sell orders for an asset, organized by price . The image above is a snapshot of the order book of the BTC/USDT pair on Binance Futures. The orders color-coded in green show buy orders at specific price levels, while the orders in red show sell orders.

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