The crypto world’s mini drama has updated again: over $LUMIA 1 hours, the trading volume was approximately $34.69 million, 15.3 times the previous average; during the same period, the price fell 15.94%.
A sudden surge in volume can only mean everyone is more active; it cannot prove who won.
A quick serious explanation: trading volume in futures and spot markets often differs significantly. Futures volume includes a lot of leveraged turnover, and the meaning of volume on the two sides is not exactly the same.
All indicators are describing past trends; the market may shift into the opposite direction at any time.
#LUMIA
Just a casual record—please make your own decisions about buying and selling.
A sudden surge in volume can only mean everyone is more active; it cannot prove who won.
A quick serious explanation: trading volume in futures and spot markets often differs significantly. Futures volume includes a lot of leveraged turnover, and the meaning of volume on the two sides is not exactly the same.
All indicators are describing past trends; the market may shift into the opposite direction at any time.
#LUMIA
Just a casual record—please make your own decisions about buying and selling.