$Bullish had approximately $5.36 million in trading volume over one hour, 5 times its previous average; its price rose 0.68% over the same period.
Let’s unpack what’s behind this figure.
Trading volume is the quantity traded over a period of time; trading value expresses that amount in the quote currency. The multiple in the post compares this period with the average over a previous period.
When trading volume rises at a low price and the price doesn’t continue to fall, some people see it as a sign of buying demand, though future price movements will need to confirm that.
Cross-checking multiple indicators is more reliable than looking at just one, but even many signals can’t provide a definitive conclusion.
#牛来
Let’s unpack what’s behind this figure.
Trading volume is the quantity traded over a period of time; trading value expresses that amount in the quote currency. The multiple in the post compares this period with the average over a previous period.
When trading volume rises at a low price and the price doesn’t continue to fall, some people see it as a sign of buying demand, though future price movements will need to confirm that.
Cross-checking multiple indicators is more reliable than looking at just one, but even many signals can’t provide a definitive conclusion.
#牛来