Detailed Explanation
Why It Matters:
Prevents front-running or price slippage from large visible orders; used by institutions/whales to accumulate/distribute discreetly.
How It Works:
Specify total size and display size; exchange shows only display portion, refills from hidden reserve as it executes.
Common Mistakes:
Setting display too small (slow execution) or too large (defeats purpose).
FAQs
Available on retail?
Yes on Binance, Bybit, etc., often in advanced modes.
Detectable?
On-chain or depth can hint, but not obvious.
