Indicator Notes|$US |1-hour trading volume up 6x|Price up 15.79%
First, a definition: Trading volume in perpetuals and spot markets can differ significantly. Perpetuals volume includes a large amount of high-frequency trading, so volume in the two markets does not mean exactly the same thing.
A common interpretation: A surge in volume can sometimes be driven by a wave of liquidations. Liquidation orders are forced trades, so this kind of volume has a different meaning from voluntary buying and selling. Check liquidation data for context.
Unusual data often signals greater volatility. In such cases, it’s better to reduce leverage rather than make a large bet.

For reference only. Trade at your own risk.