I fed Binance spot market data to an AI for analysis, and the first thing it pointed out was this: BTC’s 24h trading volume was 1.354 billion USDT, compared with ETH’s 983 million USDT. The difference in volume roughly matches the difference in market cap.
But what it really picked up on was another set of figures: BTC’s 24h price range was 3.74%, ETH’s was 5.15%, and DOGE’s was 8.30%.
The more sharply prices move, the more easily trading volume tends to rise, because the same money changes hands repeatedly over a short period.
Coins with larger price ranges tend to have more short-term back-and-forth trading mixed into their volume. High trading volume doesn’t mean the market has a clear direction.
Not investment advice
#BTC #ETH
But what it really picked up on was another set of figures: BTC’s 24h price range was 3.74%, ETH’s was 5.15%, and DOGE’s was 8.30%.
The more sharply prices move, the more easily trading volume tends to rise, because the same money changes hands repeatedly over a short period.
Coins with larger price ranges tend to have more short-term back-and-forth trading mixed into their volume. High trading volume doesn’t mean the market has a clear direction.
Not investment advice
#BTC #ETH