Let’s talk about market cap and trading volume.
The turnover rate is generally estimated by dividing 24-hour trading volume by market cap, and reflects how quickly holdings change hands.
One point worth considering: high trading volume usually indicates better liquidity, with less slippage on larger trades. However, be aware that some trading venues may inflate their volumes.
When comparing trading volumes, check the time period. Don’t compare 24-hour trading volume with the volume of a single candlestick.
Back to the market: $BTC is currently at 64809.96 (24h -3.39%).
The turnover rate is generally estimated by dividing 24-hour trading volume by market cap, and reflects how quickly holdings change hands.
One point worth considering: high trading volume usually indicates better liquidity, with less slippage on larger trades. However, be aware that some trading venues may inflate their volumes.
When comparing trading volumes, check the time period. Don’t compare 24-hour trading volume with the volume of a single candlestick.
Back to the market: $BTC is currently at 64809.96 (24h -3.39%).
