Attention is the harbinger of liquidity.
“Portugal team responds to Ronaldo winning the historic Best Ballon d’Or” trended, and $CHZ in the football sector got some attention too.
My observation: It’s common for trading volume to surge during those few hours a topic is trending. The key is how much volume remains after the buzz dies down. If it holds, it means real capital has stuck around; if not, it was just passing money.
$CHZ currently has 24-hour trading volume of $528,000. Let’s compare again in a couple of days.
“Portugal team responds to Ronaldo winning the historic Best Ballon d’Or” trended, and $CHZ in the football sector got some attention too.
My observation: It’s common for trading volume to surge during those few hours a topic is trending. The key is how much volume remains after the buzz dies down. If it holds, it means real capital has stuck around; if not, it was just passing money.
$CHZ currently has 24-hour trading volume of $528,000. Let’s compare again in a couple of days.