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What is Taker?

The trader who crossed the spread and removed liquidity. Pays the higher fee, and moves the price.

The taker is the one who crossed the spread because waiting was worse than paying. Takers move price — every tick you see is someone deciding that certainty about time was worth giving up certainty about price. They pay the higher fee for the privilege.

Watch it happen

Every idea on this page is something you can see on a live tape rather than take on faith. The board draws real executed trades as an army: buyers advance from the left, sellers from the right, and the glowing line between them is the price. Here is how to read it.

Related terms

WallWhaleAggressorAbsorptionBid-ask spreadBook (order book)DepthFront line All 37 terms

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