The Slippage Problem: How Deep Liquidity Really Works
Slippage isn't random noise - it's a direct readout of order book depth. Understanding the mechanics changes how you think about execution quality.
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Slippage isn't random noise - it's a direct readout of order book depth. Understanding the mechanics changes how you think about execution quality.
Price doesn't move because of news or sentiment alone. It moves because of order flow - the mechanical process of buyers and sellers interacting in real time.
How crypto markets are actually built: order flow, price discovery, maker/taker dynamics, and the structural signals that move long before price does.
The discipline of sitting out