$BTC In the most recent complete hour, trading volume was 38.32% higher than in the previous hour, while the price rose by just 0.0615%.
The figures are: trading volume of 26,939,438.37 USDT this hour, versus 19,475,951.05 USDT in the previous hour; the price moved from 77,980.01 to 78,028. Over the rolling 24-hour period, the price is up just 0.63%, ranging between 77,392.01 and 78,285.
The price barely moved, but trading volume picked up first. Higher volume only means more active trading; it doesn’t mean buyers are in control or that there’s a net inflow of funds. To determine the direction, we still need to see where the price is when that volume comes in.
I’m watching the 24-hour high of 78,285: if the price breaks above it on strong volume, this hour’s volume surge may have been an early signal. If volume dries up as the price approaches it and then turns back down, that 38% increase may just reflect short-term back-and-forth trading.
I could be wrong here, too: the two time windows are back to back, and the previous hour’s baseline was already low. A 38% increase isn’t much over the course of a day.
The figures are: trading volume of 26,939,438.37 USDT this hour, versus 19,475,951.05 USDT in the previous hour; the price moved from 77,980.01 to 78,028. Over the rolling 24-hour period, the price is up just 0.63%, ranging between 77,392.01 and 78,285.
The price barely moved, but trading volume picked up first. Higher volume only means more active trading; it doesn’t mean buyers are in control or that there’s a net inflow of funds. To determine the direction, we still need to see where the price is when that volume comes in.
I’m watching the 24-hour high of 78,285: if the price breaks above it on strong volume, this hour’s volume surge may have been an early signal. If volume dries up as the price approaches it and then turns back down, that 38% increase may just reflect short-term back-and-forth trading.
I could be wrong here, too: the two time windows are back to back, and the previous hour’s baseline was already low. A 38% increase isn’t much over the course of a day.