Coin and market: COIN and TOTAL

Most indicators come in two versions.

1. COIN — data for one coin, the one open on the chart.
2. TOTAL — the same data for all coins on the market at once. The platform takes each of about 600 coins and adds them up. You see the whole market, not one coin.

Both versions share a name; only the prefix changes: COIN B&A → TOTAL B&A.

There are two more groups, briefly:

• OTHER — indicators that don't depend on the coin: the whole market.
• TECHNICAL — classic price and volume indicators. Not covered in the course.

TOTAL B&A — bids and asks summed across the whole market, 3% depth

Every TOTAL version has this field in the “Inputs” tab: Total type. It picks which coins go into the sum.

Why it matters. BTC is the largest coin and accounts for most of the market cap. In an “all coins” sum it outweighs everything else. To see altcoins on their own, BTC is removed from the sum.

A word on the last value. Stablecoin pairs such as USDCUSDT are dollars swapped for dollars, not the crypto market. But their volume and order book are large: USDCUSDT alone makes up about a quarter of the whole market's spot volume. TOTAL (-STABLE) removes these pairs from the sum. History covers the full depth of the chart. The same field exists in the Metrics Builder.

TOTAL OI and TOTAL OI DELTA have three options: TOTAL, TOTAL2, TOTAL3.

In alerts this field is called “Total type”. The values are the same: TOTAL, TOTAL2, TOTAL3, TOP 100, BOTTOM 100, OTHERS, TOTAL (-STABLE).

TOTAL indicators and market-wide ones (AGG. FUNDING, ASK BID ANOMALIES) have the field Exchange. By default it is Binance, not the chart’s exchange: the sum over the Binance market is built on any chart.

• Order book, trades, anomalies — all four exchanges.
• TOTAL OI, TOTAL OI DELTA, AGG. FUNDING — Binance, Hyperliquid, Deribit.
• TOTAL LIQS — Binance and Deribit.
• Without a subscription there is no field: the sum is always over Binance.

COIN indicators have the same field, but its default is “Same as chart” — details on the “Exchanges” screen.

On Binance, Bitcoin trades against three stablecoins: BTCUSDT, BTCUSDC and BTCFDUSD. The platform adds these three pairs up and shows them as one — BTCUSDT.

That's why COIN order book and trade indicators have the input BTC pairs:

• ALL — the sum of three pairs. The default, ALL in the legend.
• USDT only — only the BTCUSDT pair, USDT ONLY in the legend.

The difference is noticeable: BTCUSDC accounts for about a fifth of Bitcoin's futures volume.

This concerns only Binance and only Bitcoin. For other Binance coins the data is always for the USDT pair. On Coinbase and Hyperliquid Bitcoin has one pair — BTC/USD and BTC/USDC — so the parameter does nothing there. On Deribit Bitcoin has two contracts, BTC/USD and BTC/USDC, but they are not added together: each has its own data.