$BTC Spot is up 1.48% over the rolling 24 hours, with the current price at 80,975.12 USDT. But I’m more interested in the latest complete hour: the price pulled back 0.11%, and trading volume was about 25.23 million USDT, down roughly 48.3% from about 48.85 million USDT in the previous complete hour.
The gains are still there, but the price barely moved over the past hour, and trading has clearly quieted down. Is the market waiting for a new direction, or did the price just drift around during a lull?
It’s still too early to tell. The 24-hour gain is based on a rolling window and doesn’t indicate the direction of this hour. Next, we’ll need to see whether trading volume picks up again and whether the price can establish a direction of its own on higher volume.
The gains are still there, but the price barely moved over the past hour, and trading has clearly quieted down. Is the market waiting for a new direction, or did the price just drift around during a lull?
It’s still too early to tell. The 24-hour gain is based on a rolling window and doesn’t indicate the direction of this hour. Next, we’ll need to see whether trading volume picks up again and whether the price can establish a direction of its own on higher volume.