Trading volumes across the three major exchanges broadly shrank by 24% to 33%. The clearest signal in $SNDK’s market action is that buyers are leaving.
Volume fell 25.29% on Binance, 23.95% on OKX, and 33.31% on Gate. As liquidity rapidly drains away, $SNDK fell 1.98% in a single day—more than Micron and SK Hynix.
Some people take the drop in volume as a sign that the decline is losing steam and the price is stabilizing. I don’t buy it. With the sector weakening across the board and geopolitical tensions brewing abroad, a plunge in trading volume can only mean that buyers have given up resisting the sell-off.
A slow bleed without real money stepping in to buy is the most fragile kind of decline. Even a slight increase in external selling pressure, and the market won’t have so much as a cushion.
#比特币反弹至8.3万美元 #SNDK $SNDK
#US $US
#比特币反弹至8.3万美元
👇
Volume fell 25.29% on Binance, 23.95% on OKX, and 33.31% on Gate. As liquidity rapidly drains away, $SNDK fell 1.98% in a single day—more than Micron and SK Hynix.
Some people take the drop in volume as a sign that the decline is losing steam and the price is stabilizing. I don’t buy it. With the sector weakening across the board and geopolitical tensions brewing abroad, a plunge in trading volume can only mean that buyers have given up resisting the sell-off.
A slow bleed without real money stepping in to buy is the most fragile kind of decline. Even a slight increase in external selling pressure, and the market won’t have so much as a cushion.
#比特币反弹至8.3万美元 #SNDK $SNDK
#US $US
#比特币反弹至8.3万美元
👇