“A-share trading volume down by 261.5 billion” is trending, and $BTC , which is linked to stock market movements, has also been mentioned.
For a hot topic to affect crypto prices, it has to pass three tests:
① Attention: Does the community start talking about it?
② Volume: Does trading volume pick up too?
③ Staying power: Can the topic last for more than 24 hours?
$BTC is currently priced at 83,834.01, down 0.2% over 24 hours. Only if it passes all three tests can the spillover be considered effective. If it only makes it past the first step, it will probably blow over quickly.
Hot topics can bring liquidity, but they can also amplify volatility.
For a hot topic to affect crypto prices, it has to pass three tests:
① Attention: Does the community start talking about it?
② Volume: Does trading volume pick up too?
③ Staying power: Can the topic last for more than 24 hours?
$BTC is currently priced at 83,834.01, down 0.2% over 24 hours. Only if it passes all three tests can the spillover be considered effective. If it only makes it past the first step, it will probably blow over quickly.
Hot topics can bring liquidity, but they can also amplify volatility.