Token price is 770.83, with the underlying security reference price at 771.69—it's less than 1 yuan off. This deviation is within the normal range during the pre-market phase. But over the past 24 hours, the high-low range has been 767.56 to 771.9, with an amplitude of less than 0.6%, which suggests neither the bulls nor the bears have much conviction. For now, there's no need to be too particular.
Trading volume is 1.74 million, and the volume/energy isn't that large. Combined with the current market view in the ON session, it feels more like it's waiting for direction. The token is up 0.289% in the past 24 hours, basically tracking the underlying security, with no sign of an independent trend.
What matters to me more at this point is whether the volume can follow through afterward. If it's still this sluggish, the token price will most likely continue to grind along close to the reference price.$SPY #bStocks #US stocks token
Note: bStocks are tokenized products and do not equal holding the underlying stocks or having shareholder rights.
Trading volume is 1.74 million, and the volume/energy isn't that large. Combined with the current market view in the ON session, it feels more like it's waiting for direction. The token is up 0.289% in the past 24 hours, basically tracking the underlying security, with no sign of an independent trend.
What matters to me more at this point is whether the volume can follow through afterward. If it's still this sluggish, the token price will most likely continue to grind along close to the reference price.$SPY #bStocks #US stocks token
Note: bStocks are tokenized products and do not equal holding the underlying stocks or having shareholder rights.