Price and volume need to move together for the signal to be meaningful. If the price moves but volume doesn’t follow, be skeptical.
Take this example: if BTC breaks above $84,078, the cumulative short liquidation intensity on major CEXs will reach $2.276 billion, $BTC , with $1.793 billion in trading volume.
The bearish news is already in the headline; now it’s just a matter of seeing how the market digests it.
#BTC
Take this example: if BTC breaks above $84,078, the cumulative short liquidation intensity on major CEXs will reach $2.276 billion, $BTC , with $1.793 billion in trading volume.
The bearish news is already in the headline; now it’s just a matter of seeing how the market digests it.
#BTC