What is the VWAP for cryptocurrencies?

1 answers

• Dec 28, 2021 · 3 years ago
  VWAP, or Volume Weighted Average Price, is an important concept in the world of trading, including cryptocurrencies. It is a measure of the average price at which a cryptocurrency has been traded, taking into account the trading volume at each price level. VWAP is often used by institutional traders to execute large orders without causing significant price impact. It is also used by retail traders to assess market sentiment and identify potential entry or exit points. While VWAP is not a magic bullet, it can provide valuable insights into the overall market trend and help traders make more informed decisions. At BYDFi, we understand the importance of VWAP and provide tools and resources to help traders incorporate it into their trading strategies.
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