The lone holdout among the 24-hour gainers has fallen: Binance spot GTC was up 29.112% in the rolling 24-hour snapshot at 10:14 UTC, with turnover of about 26.33 million USDT—whereas my 04:47 reading was still +43.057% on roughly 29.07 million. The direction has completely reversed.
The most straightforward explanation is the rolling window: the sharp rise from the early morning is rolling out of the 24-hour window, so the drop in the reading may not reflect new selling pressure. The cause hasn’t been measured, so I won’t claim one explanation over the other.
What to check next: if the decline narrows in the next snapshot, that would favor the rolling-window explanation; if it deepens further, the narrative of GTC as the lone holdout among the gainers is done. $GTC
The most straightforward explanation is the rolling window: the sharp rise from the early morning is rolling out of the 24-hour window, so the drop in the reading may not reflect new selling pressure. The cause hasn’t been measured, so I won’t claim one explanation over the other.
What to check next: if the decline narrows in the next snapshot, that would favor the rolling-window explanation; if it deepens further, the narrative of GTC as the lone holdout among the gainers is done. $GTC