Technical Definition
Bid Price
The highest price a buyer is willing to pay right now (buy side of the order book).
By Crypto University Editorial
Ask PriceOrder Book
✦ Key Insight
When selling market, you get the bid price. Indicates demand/buying interest.
✕ Common Misconceptions
Selling into thin bids (worse fills); not checking before large orders.
Detailed Explanation
How It Works:
Top bid in order book; market sell fills starting from highest bid downward.
FAQs
Why is the bid lower than the ask?
Because buyers want lower prices while sellers want higher prices.
Bid vs. Ask?
Bid = what buyers offer;
Ask = what sellers demand.
Spread = Ask minus Bid;
tighter = better liquidity.
In Practice
“ETH bid at $3,000 and selling market gets you $3,000 or slightly less if walking the book.”
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