$CYS 1-hour trading volume was approximately $7.47 million, 117.8 times the previous average; the price fell 11% over the same period.
A newbie’s soul-searching question: What does a surge in trading volume mean?
Multiples are relative: for a coin that normally sees little trading, a several-fold increase could still be caused by just a few large orders. The same increase in a major coin would be much rarer.
A sudden spike in trading volume only proves that everyone got busier; it doesn’t prove who won.
With leveraged trading, first work out whether you can withstand the worst-case outcome, then see what the indicators are saying.
A newbie’s soul-searching question: What does a surge in trading volume mean?
Multiples are relative: for a coin that normally sees little trading, a several-fold increase could still be caused by just a few large orders. The same increase in a major coin would be much rarer.
A sudden spike in trading volume only proves that everyone got busier; it doesn’t prove who won.
With leveraged trading, first work out whether you can withstand the worst-case outcome, then see what the indicators are saying.