Cryptocurrency Terms and Definitions

The cobra strike is a sharp and short-lived movement of a cryptocurrency's price up or down with a quick return to the previous level. Such a spike is often associated with high market volatility.

A bull (Bull) is a market participant who expects an asset's price to rise and profits from the increase. The term is widely used on cryptocurrency exchanges and describes one of the types of market behavior of traders.

To "prophesy" (vanguvaty), in traders' slang, means to make a forecast about the future movement of a price, to predict how the market will develop. The term is often used with a touch of irony toward overly confident predictions.

A bucket is exchange slang for a limit buy order placed noticeably below the current price in anticipation of a sharp, brief drop. Such an order is triggered at the moment of a deep dip.

Identity verification is the procedure of confirming a user's personal data on an exchange or service. It is needed for account security and access to withdrawing funds.