← The Pit
DESK·11

The Terrain

QUANT● LIVE

The order book as a landscape — @depth20 bucketed by distance from the mid into resting-size, a new row every beat so depth = time. Bids and asks wall up on either side of the mid seam and scroll back. Orbit the liquidity cliffs.

book imbalance · BTC
spread
bid depth
ask depth
bidsasksdrag to orbit · depth = time
idle