A truth that's not much to laugh about: trading volume over $BERA 1 hours was approximately $7.07 million, 9.5 times the previous average; the price rose 0.89% over the same period.
A sudden surge in volume only proves that everyone got busier; it doesn't tell us which side won.
Seriously, unusual trading volume often shows up before price movements, which is why many people treat a sudden spike in volume as a signal to pay attention to a coin. The price, however, is what tells you the direction.
The same data can mean very different things in different market conditions, so don't blindly apply a single rule of thumb.
A sudden surge in volume only proves that everyone got busier; it doesn't tell us which side won.
Seriously, unusual trading volume often shows up before price movements, which is why many people treat a sudden spike in volume as a signal to pay attention to a coin. The price, however, is what tells you the direction.
The same data can mean very different things in different market conditions, so don't blindly apply a single rule of thumb.