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

An order book is a real-time electronic list of all open buy and sell orders for a cryptocurrency on an exchange, organized by price level and continuously updated.

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