$AKE 5The trading volume over the minute was approximately $1.72 million, 11.6 times the previous average; the price rose 4.26% over the same period.
Let’s use this figure to break down trading volume.
Multiples are relative: for a coin that usually has low trading volume, even a several-fold increase may be caused by just a few large orders. The same multiple increase in trading volume is much rarer for a top coin.
A surge in trading volume sometimes comes from concentrated liquidations: liquidation orders are forced trades, so this kind of volume surge means something different from active trading. It should be considered alongside liquidation data.
The point of understanding an indicator is to be less alarmed by a single number, not to use it to predict price movements.
#AKE
Let’s use this figure to break down trading volume.
Multiples are relative: for a coin that usually has low trading volume, even a several-fold increase may be caused by just a few large orders. The same multiple increase in trading volume is much rarer for a top coin.
A surge in trading volume sometimes comes from concentrated liquidations: liquidation orders are forced trades, so this kind of volume surge means something different from active trading. It should be considered alongside liquidation data.
The point of understanding an indicator is to be less alarmed by a single number, not to use it to predict price movements.
#AKE