Glossary

An order to immediately buy or sell a cryptocurrency at the best available current market price.

An entity that provides liquidity to cryptocurrency markets by simultaneously placing buy and sell orders.

The total value of a cryptocurrency, calculated by multiplying the current price by the circulating supply.

Borrowing funds from an exchange to trade cryptocurrency with greater purchasing power than the trader currently holds.

A demand from an exchange for an investor to deposit additional funds when their leveraged position falls below margin requirements.

The DeFi protocol behind the DAI stablecoin that allows users to create DAI by locking collateral in smart contracts.

The live, production version of a blockchain where actual transactions are processed and cryptocurrency has real monetary value.

The broader multi-year price cycles in cryptocurrency markets often correlated with Bitcoin halving events.

The psychological tendency for cryptocurrency investors to feel losses more intensely than equivalent gains.

A cryptocurrency investor who has held their assets for more than 155 days, tracked as an on-chain metric.