A trading volume of $2.1 million drove a 16.8% gain. Honestly, that kind of volume isn’t even a fraction of what a whale trades.
With the order book this thin, it’s easy to push the price up—but by the same token, it can come crashing back down just as fast. A rally backed by real money doesn’t hold up on such low volume.
I’ll be watching to see whether volume picks up. If it doesn’t, this is just funds playing a quick pump on a thin order book, and I won’t chase it.
$ARPA #行情异动 #CryptoMarketWatch
With the order book this thin, it’s easy to push the price up—but by the same token, it can come crashing back down just as fast. A rally backed by real money doesn’t hold up on such low volume.
I’ll be watching to see whether volume picks up. If it doesn’t, this is just funds playing a quick pump on a thin order book, and I won’t chase it.
$ARPA #行情异动 #CryptoMarketWatch