Quick take from a large-order perspective: $Q 5-minute plunge of 6.17%
To assess the strength of selling pressure, I usually look at two details first:
· Are there clusters of large sell orders during the drop?
· Do large orders step in after the price is pushed lower?
For comparison: 24h trading volume was $1.567 billion, up 53.74% over 24h. If both conditions are met, it often indicates a change of hands; if only the first is, be wary of further selling pressure.
To assess the strength of selling pressure, I usually look at two details first:
· Are there clusters of large sell orders during the drop?
· Do large orders step in after the price is pushed lower?
For comparison: 24h trading volume was $1.567 billion, up 53.74% over 24h. If both conditions are met, it often indicates a change of hands; if only the first is, be wary of further selling pressure.