BTC and BNB: what do their price changes and trading volumes tell us?
At 18:14 Beijing time, Binance Spot USDT rolling 24-hour figures: BTC was down about 0.19%, while BNB was up about 0.46%—they moved in opposite directions. Over the same period, BTC’s USDT trading volume was about 11 times BNB’s.
Price changes were modest, but trading volumes differed by an order of magnitude. Trading volume measures the scale of trading; it does not equal net inflows. Whether the two move in the same or opposite directions does not show which one is driving the other.
Next check: under the same measurement criteria, are their directions still opposite?
$BTC $BNB
At 18:14 Beijing time, Binance Spot USDT rolling 24-hour figures: BTC was down about 0.19%, while BNB was up about 0.46%—they moved in opposite directions. Over the same period, BTC’s USDT trading volume was about 11 times BNB’s.
Price changes were modest, but trading volumes differed by an order of magnitude. Trading volume measures the scale of trading; it does not equal net inflows. Whether the two move in the same or opposite directions does not show which one is driving the other.
Next check: under the same measurement criteria, are their directions still opposite?
$BTC $BNB
