116.5x the usual hour: $5.5M of $IDOL traded in one hour
$IDOL added 1.3% in the hour, extending a 38.6% rise within 24h, while BTC barely moved. Volume reached $5.5M, against a usual $47K for that hour.
Volume is the dollar value of all contracts traded in a period. Here it is set against the median of the same hour over 14d, which gives the 116.5x reading.
Low open interest relative to volume: moves on $IDOL can be sharp both ways.
Anything else you're noticing on $IDOL?
$IDOL #TradingVolume #CryptoFutures
Not financial advice. Futures are high-risk.
$IDOL added 1.3% in the hour, extending a 38.6% rise within 24h, while BTC barely moved. Volume reached $5.5M, against a usual $47K for that hour.
Volume is the dollar value of all contracts traded in a period. Here it is set against the median of the same hour over 14d, which gives the 116.5x reading.
Low open interest relative to volume: moves on $IDOL can be sharp both ways.
Anything else you're noticing on $IDOL?
$IDOL #TradingVolume #CryptoFutures
Not financial advice. Futures are high-risk.
