Top gainer: W +33.16%.
Top losers: STRK -24.50%, ENA -5.25%, SUI -3.58%.
It’s easy to read this kind of divergence as a sign that the market is doing well. I used to read it that way too, but I’ve since changed my mind.
When small-cap coins double, it usually means the same money has pulled out of one batch of small caps and moved to another. It’s just changed venues.
If you’re going to chase it, first think carefully about who’s on the other side of your trade, and when they plan to exit. If you can’t answer those two questions, the top gainers list is someone else’s selling list.
BTC -1.05%, ETH -0.07%. The major coins are basically flat.
Now look at dominance. BTC is currently at 59.03%. That figure is still rising: money is flowing back into major coins, while those gains in small caps are just existing capital passing from one pocket to another.
I’m not sure whether this counts as a signal. I’ll keep it in mind for now.
They can have the excitement; I’ll keep track of my own numbers.
There’s just one thing I’ll be watching next: trading volume.
One more thing: ADA is down -3.90% today, at 0.2438. It’s fallen harder than BTC, and I’m watching to see whether it keeps pace with the broader market.
$BTC $ADA #加密货币分析 #币安广场 #市场观察 #BTC
Top losers: STRK -24.50%, ENA -5.25%, SUI -3.58%.
It’s easy to read this kind of divergence as a sign that the market is doing well. I used to read it that way too, but I’ve since changed my mind.
When small-cap coins double, it usually means the same money has pulled out of one batch of small caps and moved to another. It’s just changed venues.
If you’re going to chase it, first think carefully about who’s on the other side of your trade, and when they plan to exit. If you can’t answer those two questions, the top gainers list is someone else’s selling list.
BTC -1.05%, ETH -0.07%. The major coins are basically flat.
Now look at dominance. BTC is currently at 59.03%. That figure is still rising: money is flowing back into major coins, while those gains in small caps are just existing capital passing from one pocket to another.
I’m not sure whether this counts as a signal. I’ll keep it in mind for now.
They can have the excitement; I’ll keep track of my own numbers.
There’s just one thing I’ll be watching next: trading volume.
One more thing: ADA is down -3.90% today, at 0.2438. It’s fallen harder than BTC, and I’m watching to see whether it keeps pace with the broader market.
$BTC $ADA #加密货币分析 #币安广场 #市场观察 #BTC