Hit the Bid
To sell immediately at the best price a buyer is currently offering.
In plain English
To sell immediately at the best price a buyer is currently offering.
To hit the bid is to sell right now at the bid, accepting the buyer's price rather than waiting for a better one. The buying version is to 'lift the offer'.
It is what an aggressor does on the sell side. A wave of traders hitting the bid is selling pressure you can feel.
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