What is the meaning of the percentage in bookDepth data

API Futures API
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as the picture show, i don’t understand the meaning of percentage field

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where do you get this data? Seems not from server directly.

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i got from here: Binance Data Collection

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Key Points to Understand Percentage in Book Depth Data:

  1. Bid Percentage: Shows the percentage of buyers bidding to buy the stock.
  2. Ask Percentage: Shows the percentage of sellers asking to sell the stock.
  3. Depth Percentage: Shows the percentage of buy or sell orders relative to total trading volume.

Example:

If a stock’s Book Depth Data shows:

  • Bid Percentage: 30%
  • Ask Percentage: 70%

This indicates:

  • 30% of traders are bidding to buy.
  • 70% of traders are asking to sell.

This helps identify market sentiment and potential trading pressures.

Would you like to know more about Book Depth Data or trading strategies?

Topic ideas:

  1. What is Book Depth Data?
  2. How to analyze Book Depth Data.
  3. Using Book Depth Data for trading decisions.

Comment ideas:

  1. “Book Depth Data helps identify market trends and sentiment.”
  2. “Analyzing Book Depth Data improves trading decisions.”
  3. “Book Depth Data provides valuable insights into market supply and demand.”