It only counts when trading volume and price move together. If the price moves but volume doesn’t, be skeptical.
For example, this one here: crypto payments company Mesh acquires exchange connectivity technology developer Bluvo, $BTC (24h +0.65%), with trading volume of 1.281 billion.
A somewhat positive development, which is good for the long term. In the short term, it still comes down to where the money flows.

#BTC

Just my personal take; I may not be right, so take it with caution.