Market Impact vs Order Book

Quick comparison to help you distinguish these two crypto terms.

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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Order Book
beginner
market_structure

A real-time electronic record of all open buy and sell orders for a cryptocurrency on an exchange, showing the prices and quantities that traders are willing to transact at.

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