$DYDX 1 hours trading volume surged to 5.76x the 24h hourly average. Price jumped from 0.1412 straight to 0.1502—up 6.37% in 1 hour. This is real volume chasing, not a fake-out!
The buy-sell ratio is 1.382, and even over the last 15 minutes it’s 1.469. Buy orders have been continuously eating the orders; open position value is up 6.66% to $5.65M, with new money entering. But the latest 0.1502 is only one “stride” away from the 24h high of 0.1512—plus a fee rate of +0.01%. The longs are starting to spend money.
Holding above 0.1412 from one hour ago is what counts as a true hold. If it falls back to that level, this batch of increased positions is essentially chasing buys sitting below the 0.1512 peak.
#DYDX
The buy-sell ratio is 1.382, and even over the last 15 minutes it’s 1.469. Buy orders have been continuously eating the orders; open position value is up 6.66% to $5.65M, with new money entering. But the latest 0.1502 is only one “stride” away from the 24h high of 0.1512—plus a fee rate of +0.01%. The longs are starting to spend money.
Holding above 0.1412 from one hour ago is what counts as a true hold. If it falls back to that level, this batch of increased positions is essentially chasing buys sitting below the 0.1512 peak.
#DYDX
