While the price of TIA rose by 12.3%, market participation weakened significantly: spot volume fell by 41.7%, and the number of transactions declined by 20.7%. This suggests that the rally may have been driven more by price movement in existing trades than by new demand inflows.
The fact that taker buys were ahead at around 59% shows that buyer interest has not disappeared entirely; however, the declining volume and transaction count do not yet provide strong price confirmation. The only thing to watch is whether TIA’s rise will be supported by increasing volume and transaction participation.
The fact that taker buys were ahead at around 59% shows that buyer interest has not disappeared entirely; however, the declining volume and transaction count do not yet provide strong price confirmation. The only thing to watch is whether TIA’s rise will be supported by increasing volume and transaction participation.