How It Works

How the ratio is calculated.

A plain-language walk-through of what BitClock's ratio measures and where it comes from. This page describes the metric and what it has historically reflected — it is not trading guidance, and it does not tell you what to do at any given reading.

01 — Data Source

Real resting orders, not trade history

BitClock reads live resting limit orders straight from the exchange's public order-book feed — actual bids and asks sitting on the book, not a log of trades that already happened.

02 — The Calculation

Bid depth over ask depth

Resting bid depth above the market is compared against resting ask depth below it. The result is a single ratio: how many multiples of demand versus supply are stacked at this moment.

03 — Reading The Clock

One number, continuously updated

A ratio above 1.0 has historically meant more resting demand than supply; below 1.0, the reverse. BitClock shows you the number — what you do with it is yours to decide.

Worked Example

The math behind one reading.

812.4 BTCBid Depth

606.1 BTCAsk Depth

1.34Ratio Sample

NoteThis page is intentionally descriptive and historical in tone — it explains what the metric is and what it has correlated with in the past. It is not, and will not become, personalized financial advice or “when the ratio hits X, do Y” prescriptive guidance.