$ORDI 5 The trading volume over the minute was about $1.52 million, 41.5 times the previous average; during the same period, the price fell 5.14%.
Guys, what does a surge in trading volume actually mean? Here’s the short version👇
Multiples are relative: for a normally quiet coin, a several-fold increase might be caused by just one or two large trades, while the same increase for a top coin would be much rarer.
A surge in volume at a high price without much price movement is often called “high-volume stagnation,” and many people see it as a sign of growing disagreement between bulls and bears.
All data describes price movements that have already happened; the market could just as easily move in the opposite direction.
#ORDI
Guys, what does a surge in trading volume actually mean? Here’s the short version👇
Multiples are relative: for a normally quiet coin, a several-fold increase might be caused by just one or two large trades, while the same increase for a top coin would be much rarer.
A surge in volume at a high price without much price movement is often called “high-volume stagnation,” and many people see it as a sign of growing disagreement between bulls and bears.
All data describes price movements that have already happened; the market could just as easily move in the opposite direction.
#ORDI