The latest episode in the crypto market soap opera: $RSR 1-hour trading volume was about $5.48 million, 4.3 times the previous average; prices rose 3.1% over the same period.
A sudden jump in volume only tells us that more people got busy—it doesn’t prove who won.
On a more serious note, short-term spikes in trading volume can be pretty random. A surge on one or two candlesticks may just reflect a single concentrated trade; consistently high volume over a longer stretch would be more convincing.
Any data only summarizes past market activity. The market could turn in the opposite direction at any time.
#RSR
A sudden jump in volume only tells us that more people got busy—it doesn’t prove who won.
On a more serious note, short-term spikes in trading volume can be pretty random. A surge on one or two candlesticks may just reflect a single concentrated trade; consistently high volume over a longer stretch would be more convincing.
Any data only summarizes past market activity. The market could turn in the opposite direction at any time.
#RSR