With three price moves side by side, the easiest thing to do is invent explanations for them. I’d rather first check whether spot market bids and asks can absorb sharp rises and falls.
Binance spot, rolling 24 hours: $SOXSB +9.83% (rolling 24 hours); $EPIC -22.88% (rolling 24 hours); $PROM +15.01% (rolling 24 hours). These figures describe price changes only. They do not prove that anyone is manipulating the market, nor do they show that anything is wrong with the projects.
I’m concerned that the actual market depth behind short-term price swings may be less solid than the prices suggest—but that’s only a possibility to verify. The available information doesn’t include order book depth, position concentration, or capital flows, and trading volume can’t substitute for order book depth. The rise may be supported by sustained demand, while the fall may simply be short-term volatility.
I may also be putting too much weight on short-term prices. If verifiable order book data, changes in positions, and sustained spot demand become available, I’ll revise my view. Until the evidence is in, I’ll keep the price movements I can see separate from the causes that remain unclear. #风险观察 #逆向 #SpotMarketWatch
Binance spot, rolling 24 hours: $SOXSB +9.83% (rolling 24 hours); $EPIC -22.88% (rolling 24 hours); $PROM +15.01% (rolling 24 hours). These figures describe price changes only. They do not prove that anyone is manipulating the market, nor do they show that anything is wrong with the projects.
I’m concerned that the actual market depth behind short-term price swings may be less solid than the prices suggest—but that’s only a possibility to verify. The available information doesn’t include order book depth, position concentration, or capital flows, and trading volume can’t substitute for order book depth. The rise may be supported by sustained demand, while the fall may simply be short-term volatility.
I may also be putting too much weight on short-term prices. If verifiable order book data, changes in positions, and sustained spot demand become available, I’ll revise my view. Until the evidence is in, I’ll keep the price movements I can see separate from the causes that remain unclear. #风险观察 #逆向 #SpotMarketWatch