“Xi He Technology’s STAR Market IPO cleared the review” became a nationwide trending topic, and $BTC , affected by the stock market, was brought up again.
For the buzz to feed through to crypto prices, three steps are needed:
① Attention: Are people on the community feed talking about it?
② Volume: Has trading volume picked up?
③ Follow-through: Can the buzz last for 24 hours?
$BTC is currently priced at 83440.02, down 0.074% over 24 hours. It only counts as a genuine correlation if it clears all three hurdles. If it only makes it past the first, the excitement usually fades quickly.
Trending topics can be a useful gauge of sentiment, but shouldn’t be treated as buy or sell signals.
These views are for discussion only. Trade at your own risk.
For the buzz to feed through to crypto prices, three steps are needed:
① Attention: Are people on the community feed talking about it?
② Volume: Has trading volume picked up?
③ Follow-through: Can the buzz last for 24 hours?
$BTC is currently priced at 83440.02, down 0.074% over 24 hours. It only counts as a genuine correlation if it clears all three hurdles. If it only makes it past the first, the excitement usually fades quickly.
Trending topics can be a useful gauge of sentiment, but shouldn’t be treated as buy or sell signals.
These views are for discussion only. Trade at your own risk.