/biz/ - Business & Finance

>>4453624
>holy shit he's using the order book
I shouldn't even explain this and you probably won't get it anyway. The order book is just all the orders that are on the books from traders right now. You don't know that they aren't going to be canceled. You also don't know that those people aren't just setting stop losses to shorts or stop limits on their longs.

Even after that, the order book is BEFORE actual volume. Actual volume is the combined sum of all the trading activity that day - meaning if I buy 1 BTC in the morning and sell it in the evening, 2 BTC were exchanged.

After taking out orders that are never filled, stop/limit orders that are trade entrances/exits, and all the volume of trading, you finally arrive at net capital influx, which is the difference in value of all the dollars sold for bitcoin that day and the dollar value of those dollars that morning. That number is what fundamentally drives up the valuation of bitcoins in dollars.