$TRX 15-minute trading volume was approximately $2.16 million, 6.9 times the previous average; the price was nearly unchanged over the same period.
How did this number come about?
When trading volume surges, bid-ask spreads and slippage often widen too, making market orders more costly to execute.
A volume spike may also result from a wave of liquidations. Liquidation orders are executed involuntarily, so this kind of volume has a different meaning from active trading. Check liquidation data for context.
Don’t chase trades during the most volatile few minutes. Wait for the candlestick to settle before deciding.
#TRX
How did this number come about?
When trading volume surges, bid-ask spreads and slippage often widen too, making market orders more costly to execute.
A volume spike may also result from a wave of liquidations. Liquidation orders are executed involuntarily, so this kind of volume has a different meaning from active trading. Check liquidation data for context.
Don’t chase trades during the most volatile few minutes. Wait for the candlestick to settle before deciding.
#TRX