Over $BTW 5 minutes, trading value was approximately $1.48 million, 8.6 times the previous average; the price rose 4.31% over the same period.
Let’s use this figure to talk about trading volume.
Trading volume is the quantity traded over a period of time, while trading value converts that quantity into the quote currency. The volume multiple mentioned in the post compares the current period with the average over a preceding period.
When volume rises at a high price level but the price barely moves, this is often called “rising volume with flat prices.” Many people see it as a sign of growing disagreement between bulls and bears.
Extreme figures usually come with greater volatility. At times like these, it’s better to reduce leverage rather than make a big bet.
Let’s use this figure to talk about trading volume.
Trading volume is the quantity traded over a period of time, while trading value converts that quantity into the quote currency. The volume multiple mentioned in the post compares the current period with the average over a preceding period.
When volume rises at a high price level but the price barely moves, this is often called “rising volume with flat prices.” Many people see it as a sign of growing disagreement between bulls and bears.
Extreme figures usually come with greater volatility. At times like these, it’s better to reduce leverage rather than make a big bet.
