$ARB closed at $0.1733, +2.00%, on $14M of quote volume.
RSR closed at $0.001745, +7.52%, on $8M.
$HOT closed at $0.000459, +30.77%, on $12M and 112,683 trades.
Three green names on a tape where 120 of 723 pairs were green. What unites them is not sector, it is liquidity: $8M to $14M of quote volume, all of it thin.
Compare $PEPE, up 4.28% on $65M with 243,003 trades, and BTC, down 2.19% on $1,067M.
Two different kinds of strength. $PEPE's move has volume and participation behind it. The three green thin names have 24-hour volume that a single well-funded position could exhaust.
Thin books move faster in both directions, which makes them good for attention and bad for entries. #ARB #HOT #Altcoins
RSR closed at $0.001745, +7.52%, on $8M.
$HOT closed at $0.000459, +30.77%, on $12M and 112,683 trades.
Three green names on a tape where 120 of 723 pairs were green. What unites them is not sector, it is liquidity: $8M to $14M of quote volume, all of it thin.
Compare $PEPE, up 4.28% on $65M with 243,003 trades, and BTC, down 2.19% on $1,067M.
Two different kinds of strength. $PEPE's move has volume and participation behind it. The three green thin names have 24-hour volume that a single well-funded position could exhaust.
Thin books move faster in both directions, which makes them good for attention and bad for entries. #ARB #HOT #Altcoins