Iceberg Order vs Market Impact

Quick comparison to help you distinguish these two crypto terms.

Iceberg Order
intermediate
strategy

Large order divided into visible and hidden portions, displaying only a small visible portion on the order book while automatically releasing larger hidden portions as visible portions fill.

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Market Impact
intermediate
market_structure

Market impact is the degree to which a trader's own order moves the asset's price against them during execution, caused by consuming available liquidity in the order book.

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