$Q One-hour trading value was approximately $11.16 million, 3.7 times the previous average; the price rose 5.25% over the same period.
When I first got into crypto, I thought high trading volume meant people were buying. It took me a while to understand that a surge in volume means trading activity picked up during that period—and every buy is matched by a sell. What really matters is which way the price moves when volume surges, and where it closes.
I personally treat a surge in volume as a signal to pay attention, not a reason to act immediately. I wait for the price to confirm the direction.
The point of understanding this indicator is to avoid being misled by a single number, not to use it to predict tops and bottoms.
When I first got into crypto, I thought high trading volume meant people were buying. It took me a while to understand that a surge in volume means trading activity picked up during that period—and every buy is matched by a sell. What really matters is which way the price moves when volume surges, and where it closes.
I personally treat a surge in volume as a signal to pay attention, not a reason to act immediately. I wait for the price to confirm the direction.
The point of understanding this indicator is to avoid being misled by a single number, not to use it to predict tops and bottoms.