$IDOL 1 Hourly trading volume was about $30.77 million, 8.7 times the previous average; the price fell 32.85% over the same period.
Folks, what does a volume spike mean? Here’s a quick explanation 👇
Trading volume is how many coins were traded over a period of time; trading value is the monetary value of those trades. The multiple here compares the current period with the average for an earlier period.
A volume spike may also be caused by concentrated liquidations: liquidation orders are forced trades, so this kind of volume spike means something different from voluntary buying and selling. You need to assess it alongside liquidation data.
An unusually high reading often signals greater volatility. At times like this, it’s better to reduce leverage rather than increase your position.
Folks, what does a volume spike mean? Here’s a quick explanation 👇
Trading volume is how many coins were traded over a period of time; trading value is the monetary value of those trades. The multiple here compares the current period with the average for an earlier period.
A volume spike may also be caused by concentrated liquidations: liquidation orders are forced trades, so this kind of volume spike means something different from voluntary buying and selling. You need to assess it alongside liquidation data.
An unusually high reading often signals greater volatility. At times like this, it’s better to reduce leverage rather than increase your position.
