Iceberg Order
An iceberg order hides the majority of a large order from the public order book, only showing small portions at a time. As each visible portion fills, more is revealed.
Understanding the Concept
Big traders use icebergs to avoid moving the market. If you show a 1,000 BTC buy order, everyone front-runs you and price jumps before you can fill. An iceberg shows only 10 BTC at a time—other traders don't see the whale behind it. Spotting icebergs can reveal institutional activity. Look for consistent buying/selling at the same price level that keeps getting refilled. That's likely an iceberg. Exchanges and trading platforms offer iceberg orders, though not all do. Some platforms call them "hidden" or "reserve" orders.
Real-World Example
A whale wants to buy 500 ETH without spiking the price. They set an iceberg with 5 ETH visible. Each time 5 ETH fills, another 5 appears at the same price. Other traders see small orders, not the massive accumulation happening.
How Strykr Helps
Strykr's AI assistant helps you understand and apply Iceberg Order concepts to your trading. Get personalized guidance and real-time market analysis to make better decisions.
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