Read the market, beyond the price.
Decode the numbers on a coin page, from market cap and FDV to why a trade can slip and a leveraged position can get liquidated.
Six words. One connected thread.
Start at the beginning, or pick up where you left off. Each definition leads to the next word in this thread.
Open your first word to start this thread.
Start this threadMarket capitalization
An asset's reference price multiplied by its estimated circulating supply.
Fully diluted valuation
A hypothetical valuation multiplying a reference price by a broader total or maximum supply figure.
Liquidity
The ability to trade an amount of an asset without a large delay or adverse price effect.
Slippage
The difference between an expected execution result and the result actually obtained.
Leverage
Exposure to a position larger than the capital directly supporting it.
Liquidation
The forced repayment or closing of a position that no longer meets its collateral or margin rules.
Reading progress is saved in this browser only. Opening a word marks it as visited.
Explore all reading threads