Big-money moves are more honest than slogans: “Bitcoin ETFs saw $244 million in net outflows in a single day.”
I’ve summed up three ways to interpret the relationship between buzz and trading volume on the Square:
· High buzz + rising volume: money is really flowing in, so the trend has staying power
· High buzz + flat volume: lots of talk, but little action—it’ll soon fizzle out
· High buzz + falling prices: there’s probably disagreement in the discussion; watch to see if anyone steps in to buy
$BTC Current 24h trading volume: $1.509 billion, 24h +0.66%. Which scenario do you think this is?
#BTC
Stay rational and manage your position size.
I’ve summed up three ways to interpret the relationship between buzz and trading volume on the Square:
· High buzz + rising volume: money is really flowing in, so the trend has staying power
· High buzz + flat volume: lots of talk, but little action—it’ll soon fizzle out
· High buzz + falling prices: there’s probably disagreement in the discussion; watch to see if anyone steps in to buy
$BTC Current 24h trading volume: $1.509 billion, 24h +0.66%. Which scenario do you think this is?
#BTC
Stay rational and manage your position size.