“A-shares opened higher but fell on the first trading day after the holiday” is trending, and $BTC , which was affected by the stock market, has also resurfaced.
For a hot topic to affect prices, it has to pass through three stages:
① Attention: Do people on the platform start discussing it?
② Trading: Does trading volume increase as well?
③ Staying power: Can the topic keep going for a day or two?
$BTC is currently at 82866.74, down 1.46% over 24 hours. It only counts as a genuine correlation if it passes all three stages. If it only makes it through the first, it often blows over in no time.
There’s still a layer of capital between a hot topic and a coin’s price.
Personal observations, not investment advice. Be aware of the risks.
For a hot topic to affect prices, it has to pass through three stages:
① Attention: Do people on the platform start discussing it?
② Trading: Does trading volume increase as well?
③ Staying power: Can the topic keep going for a day or two?
$BTC is currently at 82866.74, down 1.46% over 24 hours. It only counts as a genuine correlation if it passes all three stages. If it only makes it through the first, it often blows over in no time.
There’s still a layer of capital between a hot topic and a coin’s price.
Personal observations, not investment advice. Be aware of the risks.