Whether trading volume changes noticeably before and after the news is the most direct way to gauge its impact.
Take this one: ETH has heavier sell-side depth in the near term. On Binance perpetuals, sell orders total $58.8583 million, $4.9089 million more than buy orders. $ETH 24h -0.94%, with $412 million in trading volume.
It doesn't have much impact on the short term, but it's a useful reference for those interested in this direction.
Take this one: ETH has heavier sell-side depth in the near term. On Binance perpetuals, sell orders total $58.8583 million, $4.9089 million more than buy orders. $ETH 24h -0.94%, with $412 million in trading volume.
It doesn't have much impact on the short term, but it's a useful reference for those interested in this direction.