Iceberg trading is most often done by large institutional investors.
Iceberg orders, also known as reverse orders, are commonly used by market makers, which is another word for individuals or companies that provide deals and offers. When it comes to large crypto transactions, we usually talk about institutional crypto investors. They often trade in large amounts of cryptocurrencies, which can have a huge impact on the market.
As an observer, you can find orders in the order book, but only a small portion of the market manufacturer’s iceberg orders appear in the level-2 order book. Level-2 order books, in the crypto world, contain all offers and inquiries on the exchange including price, volume and timestamp & mdash; real -time data collection is.
They call it the tip of the iceberg for a reason: the rest of the sequence is & ldquo; on the surface of the water & rsquo; For small investors like private traders, making iceberg orders is not uncommon.