Where are the chips moving? Here’s a clue: a sharp 11.48% surge in $APR 5 minutes.
To figure out who’s buying, I’d first watch for two things:
· Whether large orders come in clusters during the rally
· Whether large orders start selling once the price reaches higher levels
For comparison: 24h trading volume was $26.6 million, down 32.88% over 24h. Only if the first is true and the second is false can this rally be considered supported by capital.