Spot volume piled up in SOL, and Big Pie hasn’t brought the rhythm. In the past 24 hours SOL is up more than five points, with trading volume of 565 million U, moving from 100.7 to 110.6. This kind of volume is driven by active capital, not just wobbling along with BTC.
BTC itself can’t even get up by 1%. With 1.46 billion in trading volume, it looks big, but the price is sluggish. Around 0.16, ENA pushed out a 10% move with 172 million. The altcoins initiated it themselves. When volume is there, price is there. If volume shrinks, this move has to be digested on its own.
BTC itself can’t even get up by 1%. With 1.46 billion in trading volume, it looks big, but the price is sluggish. Around 0.16, ENA pushed out a 10% move with 172 million. The altcoins initiated it themselves. When volume is there, price is there. If volume shrinks, this move has to be digested on its own.