The last candlestick volume was 1.3 billion, the previous one only 100 million—
Today’s SKR move has a somewhat extreme volume-price relationship. The price surged from 0.0092 to 0.0124, up 47%, but what really caught my attention wasn’t how much it rose—it was that the volume on the final candlestick expanded by nearly 14x.
This kind of volume structure usually points to two possibilities: either major players are absorbing follower buy orders at high levels and then distributing, or it’s a real breakout signal that triggers a chain reaction of buying.
The long/short ratio is currently 64% longs vs 36% shorts—longs clearly have the upper hand. But the funding rate is negative, meaning there are actually quite a few people shorting in the futures market. These two signals point in opposite directions, so the structure is a bit torn.
Three consecutive hourly candlesticks closing bullish is a good sign, but after a surge to this magnitude of volume, a short-term pullback with reduced volume is normal for digestion. Only if it continues to expand in volume and push upward would it indicate that the buying interest is genuinely solid.
At this level, I’ll be watching how the成交量 (trading volume) changes. Volume is the key to this move.
$SKR #成交量异动 #47% spike up
Click the card below to quickly check the行情👇
Today’s SKR move has a somewhat extreme volume-price relationship. The price surged from 0.0092 to 0.0124, up 47%, but what really caught my attention wasn’t how much it rose—it was that the volume on the final candlestick expanded by nearly 14x.
This kind of volume structure usually points to two possibilities: either major players are absorbing follower buy orders at high levels and then distributing, or it’s a real breakout signal that triggers a chain reaction of buying.
The long/short ratio is currently 64% longs vs 36% shorts—longs clearly have the upper hand. But the funding rate is negative, meaning there are actually quite a few people shorting in the futures market. These two signals point in opposite directions, so the structure is a bit torn.
Three consecutive hourly candlesticks closing bullish is a good sign, but after a surge to this magnitude of volume, a short-term pullback with reduced volume is normal for digestion. Only if it continues to expand in volume and push upward would it indicate that the buying interest is genuinely solid.
At this level, I’ll be watching how the成交量 (trading volume) changes. Volume is the key to this move.
$SKR #成交量异动 #47% spike up
Click the card below to quickly check the行情👇
