what is orderbook ?

The orderbook refers to a list of buy and sell orders for a particular asset or financial instrument, such as a cryptocurrency. It displays the current bids and asks for the asset, along with the quantity of the asset that traders are willing to buy or sell at each price level. The orderbook is a critical tool for traders and provides a snapshot of the current supply and demand for an asset, which can help inform their trading decisions. The order book is constantly changing as traders enter and exit positions, and new orders are placed, making it a dynamic tool for tracking market sentiment and liquidity.