A quick note: Trading volume over $SPCXB 1 hours was about $5.07 million, 27.6 times the previous average; the price fell 0.78% over the same period.
People often ask what trading volume means. This is how I think about it.
Multiples are relative: for coins that usually trade little, a several-fold increase in volume may be caused by just one or two large orders. The same multiple increase in volume for a top coin is much rarer.
When volume rises at high price levels but the price doesn't move much, it's often called “rising volume, flat price.” Many people see it as a sign of growing disagreement between buyers and sellers.
All the data describes only what has already happened. The price could move in the opposite direction at any time.
#SPCXB
People often ask what trading volume means. This is how I think about it.
Multiples are relative: for coins that usually trade little, a several-fold increase in volume may be caused by just one or two large orders. The same multiple increase in volume for a top coin is much rarer.
When volume rises at high price levels but the price doesn't move much, it's often called “rising volume, flat price.” Many people see it as a sign of growing disagreement between buyers and sellers.
All the data describes only what has already happened. The price could move in the opposite direction at any time.
#SPCXB