Learn hubBlogBreak down COIN TRADES — market buys and sells per bar, units and output modes.
Market trades per bar: how much was bought and how much was sold.
What it's based on: only market trades count, i.e. takers — those who filled an order immediately instead of waiting in the order book.
How it differs from the order book: these are executed trades, not orders. An order can be pulled, a trade can't.
Find out who acted rather than waited. An order in the book can be pulled, a market trade has already happened.
For example.
| Field | Options | Default | What it changes |
|---|---|---|---|
| Market | SPOT Futures | SPOT | Whose trades to count: the spot or the futures market. SPOT or FUTURES in the pane legend. - Want trades from people buying the coin itself — SPOT. - Want trades with leverage — FUTURES. On Coinbase, Hyperliquid and Deribit the switch does nothing: Coinbase is spot only, Hyperliquid and Deribit are futures only, the value is set by the exchange itself. |
| Ask Bid Type | Coins Millions $ Raw $ | Coins | Volume units. The field is named this way in the interface, even though it applies to trades. - Want to compare coins with each other — Millions $. - Want volume in the coin itself — Coins. Raw $ — dollars without division, for small coins where millions are all zeros. |
| Values Type | Buys Sells Buys − Sells Sells − Buys Buys / Sells Sells / Buys | Buys − Sells | What to draw: one side, their difference or their ratio. - Want the skew as one line — Buys − Sells. - Want only one side — Buys or Sells. - Want how many times — Buys / Sells. |
| BTC pairs | ALL USDT only | ALL | Works only on Binance and only on BTC. ALL or USDT ONLY in the legend. ALL — the sum of three pairs: BTCUSDT + BTCUSDC + BTCFDUSD. USDT only — only the BTCUSDT pair. For other Binance coins the data is always for the USDT pair; the parameter changes nothing. Does nothing on Coinbase and Hyperliquid: Bitcoin has one pair there. On Deribit too: the two BTC contracts are not added together. - Want all of Binance's Bitcoin — ALL. - Want to compare with a source that counts only BTCUSDT — USDT ONLY. |
| Exchange | Chart Binance Coinbase Hyperliquid Deribit | Chart | Which exchange to take data from: Chart — the same one as the chart. Binance — spot and futures, USDT pairs. Coinbase — spot only, USD pairs. Hyperliquid and Deribit — perpetual futures only, USDC pairs. The list holds only exchanges where the coin trades. Without a subscription there is no field. - Want to compare one coin across exchanges — add the indicator several times and pick a different exchange in each. |
Metric COIN TRADES. Condition fields:
“BTC pairs” appears only when the coin is BTC.
TOTAL TRADES — the same summed over the market. Fields: Exchange, Market Type, Values Type and Metric — volume in dollars (the default) or the number of trades; the number of trades exists only for spot. There is no direct indicator in alerts — only through a composite metric.
COIN TRADES — executed market trades per bar. By default buys minus sells: bar up — more was bought, down — more was sold. An order in the book can be pulled, a trade can't.
A red COIN TRADES bar pointing down means…
Correct answer: More was sold at market than bought during the bar
A COIN TRADES bar up by $10M is…
Correct answer: Market buys during the bar exceeded market sells by $10M