# What is What is ±2% Depth? In crypto trading, ±2% depth measures the total liquidity (buy and sell orders) available in the order book within 2% of the current market price. It is an important indicator of how much trading can occur without causing large price swings. *** ### How It Works * +2% Depth (Buy Side) The total value of buy orders that could be executed before the market price moves up by 2%. * –2% Depth (Sell Side) The total value of sell orders that could be executed before the market price moves down by 2%. *** ### Why It Matters * This metric shows how much money can be traded without significantly moving the price. * A deep market (large depth) means it can absorb big trades without much impact. * A shallow market (low depth) means even moderate trades can shift the price quickly. *** ### Example * Current Bitcoin price: $50,000 * +2% depth: considers buy orders up to $51,000. * –2% depth: considers sell orders down to $49,000. * If the +2% depth is $5M, it means there are $5M worth of buy orders in the book before the price would rise by 2%. *** ### How Traders Use It Traders look at ±2% depth to understand: * Market liquidity → how stable the price is against large trades. * Risk of slippage → whether big trades will push the price up or down significantly. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.cedehub.io/faq/what-is-what-is-2-depth.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.