Market Notes｜$RWUSD ｜5-minute volume surged 64.1x｜Price was almost unchanged
Definition: Multiples are relative. For a coin that usually sees little trading, a several-fold increase in volume may be caused by just a few large orders. The same increase in volume for a major coin is much less common.
How to read it: A surge in volume sometimes comes from concentrated liquidations. Liquidation orders are executed involuntarily, so this kind of volume surge means something different from voluntary trading. Check liquidation data to make a judgment.
Don’t disrupt your plan based on a single indicator, and especially don’t gamble on a particular view with borrowed money.
Definition: Multiples are relative. For a coin that usually sees little trading, a several-fold increase in volume may be caused by just a few large orders. The same increase in volume for a major coin is much less common.
How to read it: A surge in volume sometimes comes from concentrated liquidations. Liquidation orders are executed involuntarily, so this kind of volume surge means something different from voluntary trading. Check liquidation data to make a judgment.
Don’t disrupt your plan based on a single indicator, and especially don’t gamble on a particular view with borrowed money.