Beyond price changes, look at trading volume and open interest together.
Take this news: Unocoin's hot wallet was hacked, with losses of around $200,000. It said a backup signing key had been leaked. $BTC 24h -4.11%, trading volume 1.371 billion.
In the face of bad news, I'm more concerned with whether there's support below.
Take this news: Unocoin's hot wallet was hacked, with losses of around $200,000. It said a backup signing key had been leaked. $BTC 24h -4.11%, trading volume 1.371 billion.
In the face of bad news, I'm more concerned with whether there's support below.
