Show HN: CoinMarketBook – CoinMarketCap, but with a different metric

Re:Show HN: CoinMarketBook – CoinMarketCap, but with a diffe... by shoshino on Sunday October 07, 2018 @01:46PM (#18161752)

> Buy support is the sum of buy orders from top 20 exchanges. > This is the actual amount that people want to buy.

Curious how you have arrived at $1.5T of buy support for BTC?

Given an example, a $1 bid on 100 BTC equates to $100 of buy support. In this example, would you count this as 100 * current price?

For reference, my custom tool reports BTCUSD pairs across major exchanges and shows approx 40kBTC of liquidity 10% either side of the current price. This is approximately $0.25B.

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Re:Show HN: CoinMarketBook – CoinMarketCap, but with a diffe... by DenGorbachev on Sunday October 07, 2018 @05:06PM (#18162609)

You're right, $1 bid on 100 BTC = $100 of buy support. We include it into the metric as "100" (without multiplying by current price).

So your tool counts the closest 10%? Would be interesting to expand it to 100% and compare the metric.

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