While the price on PROM rose 7.6%, spot volume fell 68.9%; however, the critical detail is that activity did not disappear.
As the number of transactions increased by 107.6%, taker flow also points to the buy side. This suggests that the rise was driven more by a larger number of small trades than by large-volume purchases.
In other words, while the price looks strong, volume confirmation is weak; if new demand does not continue supporting the move, momentum may remain fragile. The main point to watch here is whether the rising number of transactions will come together with spot volume rising again.
As the number of transactions increased by 107.6%, taker flow also points to the buy side. This suggests that the rise was driven more by a larger number of small trades than by large-volume purchases.
In other words, while the price looks strong, volume confirmation is weak; if new demand does not continue supporting the move, momentum may remain fragile. The main point to watch here is whether the rising number of transactions will come together with spot volume rising again.