Technical Definition
Ask Price
The lowest price a seller is willing to accept right now (sell side of the order book).
By Crypto University Editorial
Bid Price
✦ Key Insight
Why It Matters: When buying with a market order, you pay the ask price. Shows immediate selling pressure/supply. How It Works: Top of the ask column in order book; market buy fills starting from lowest ask upward. Common Mistakes: Confusing ask (sell) with bid (buy); ignoring spread. FAQs Why
✕ Common Misconceptions
It is often mistaken for similar sounding terms, but the technical implementation is distinct.
Detailed Explanation
Why It Matters:
When buying with a market order, you pay the ask price. Shows immediate selling pressure/supply.
How It Works:
Top of the ask column in order book; market buy fills starting from lowest ask upward.
Common Mistakes:
Confusing ask (sell) with bid (buy); ignoring spread.
FAQs
Why higher than last price sometimes?
Volatility or thin books.
Visible where?
In trading interface's order book/depth chart.
In Practice
“BTC ask at $62,000 — buying market order starts filling at $62,000+ if multiple levels.”
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