When you see a very large multiple of trading volume, do you first look at how small the baseline is, or first at how much was actually traded right now?
Let’s start with this $TRX data point: Binance spot 10/16 10:05–11:05 (Beijing time). During this hour, the price rose 0.12%, trading volume was 1.8328 million USDT, or 1.58 times the previous hour. The closing price for the period was 0.3347 USDT.
When trading volume becomes several times what it was before, the comparison result is influenced by both the current volume and the baseline volume. If the previous window was especially quiet, the next window can show a very high multiple even if the amount is not large. If the baseline is zero, there is no valid division result for the multiple, and it cannot be written as infinite volume expansion. Relative multiples and absolute amounts need to be recorded separately.
#TRX #Crypto Chat
Let’s start with this $TRX data point: Binance spot 10/16 10:05–11:05 (Beijing time). During this hour, the price rose 0.12%, trading volume was 1.8328 million USDT, or 1.58 times the previous hour. The closing price for the period was 0.3347 USDT.
When trading volume becomes several times what it was before, the comparison result is influenced by both the current volume and the baseline volume. If the previous window was especially quiet, the next window can show a very high multiple even if the amount is not large. If the baseline is zero, there is no valid division result for the multiple, and it cannot be written as infinite volume expansion. Relative multiples and absolute amounts need to be recorded separately.
#TRX #Crypto Chat