$W was up 68.51% today, with a trading volume of 26M. On the same day, $NEAR had a trading volume of 90M and fell 1.77%. Put the two side by side: NEAR’s volume was more than three times W’s, yet its price still moved down. W’s market is smaller, so 26M was enough to push it up by this much. Its 4h gain of 32.62% came on volume only 2.2 times higher than usual—which suggests there wasn’t a huge influx of capital; the price was pushed up in a thin market. I generally don’t treat moves in thin markets as trends, because they can reverse just as quickly. A 1.77% drop on NEAR’s kind of volume, by contrast, looks more like someone accumulating gradually.

#W #BinanceSquare #Crypto