$BNB 15-minute trading volume was about $8 million, 5.6 times the previous average; the price barely moved during the same period.
I used to think that a surge in volume meant more people were buying. Later, I realized that high volume just means more trades took place during that period—and every buy has a corresponding sell. What really matters is whether the price rises or falls on high volume, and where it closes.
Sometimes a surge in volume is caused by widespread liquidations. Liquidation orders are forced trades, so this kind of volume means something different from voluntary buying and selling. You need to consider liquidation data to interpret it.
The same data can mean very different things in different market conditions, so don't blindly apply a single rule.
#BNB
I used to think that a surge in volume meant more people were buying. Later, I realized that high volume just means more trades took place during that period—and every buy has a corresponding sell. What really matters is whether the price rises or falls on high volume, and where it closes.
Sometimes a surge in volume is caused by widespread liquidations. Liquidation orders are forced trades, so this kind of volume means something different from voluntary buying and selling. You need to consider liquidation data to interpret it.
The same data can mean very different things in different market conditions, so don't blindly apply a single rule.
#BNB