Today's market-watching trivia: Trading volume over $PAXG 5 minutes was about $1.21 million, 14.3 times the previous average; prices barely moved over the same period.
A sudden surge in volume only means that market participants are more active—it doesn't tell us who came out ahead.
On a more serious note, when trading volume rises, bid-ask spreads and slippage often widen too, so chasing the market with a market order can be costly.
Any indicator is just a summary of what has already happened; prices can absolutely move in the opposite direction.
#PAXG
A sudden surge in volume only means that market participants are more active—it doesn't tell us who came out ahead.
On a more serious note, when trading volume rises, bid-ask spreads and slippage often widen too, so chasing the market with a market order can be costly.
Any indicator is just a summary of what has already happened; prices can absolutely move in the opposite direction.
#PAXG