Trading turnover over $ORDER 5 minutes was approximately $1.37 million, 13 times the previous average; prices rose 3.23% over the same period.
Let’s use this data to talk about trading volume.
Trading volume in futures and spot markets often differs considerably. Futures volume includes a lot of high-frequency trading, so a surge in volume doesn’t mean exactly the same thing in both markets.
A surge in volume may also result from mass liquidations: liquidation orders are forced trades, so this kind of volume means something different from voluntary buying and selling. It should be considered alongside liquidation data.
Calculating your order size based on where you place your stop-loss is far more reliable than just guessing.
In volatile markets, manage your risk first.
Let’s use this data to talk about trading volume.
Trading volume in futures and spot markets often differs considerably. Futures volume includes a lot of high-frequency trading, so a surge in volume doesn’t mean exactly the same thing in both markets.
A surge in volume may also result from mass liquidations: liquidation orders are forced trades, so this kind of volume means something different from voluntary buying and selling. It should be considered alongside liquidation data.
Calculating your order size based on where you place your stop-loss is far more reliable than just guessing.
In volatile markets, manage your risk first.
