Bid-Ask Spread vs Level 2 Data
Quick comparison to help you distinguish these two crypto terms.
Bid-Ask Spread
beginner
market_structure
The bid-ask spread is the price difference between the highest buy offer and the lowest sell offer in the order book, representing the immediate cost of trading.
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intermediate
market_structure
Real-time order book depth data showing multiple price levels with buy and sell orders, revealing market structure and trader positioning beyond simple best bid-ask quotes.
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