Data is on the chart.
The single most important indicator is the Volume.
There are certain anomalies in the volume that can be attributed to wash trading in the beginning or the Covid.
As you can see, since the early cycles, volume in price discovery has been steady.
More importantly, the current volume in price discovery is still very low.
There are lots of talks about how some mythical players are accumulating. For 21M of issuance, the volume is huge, IMO.
!!! It is not trading advice, but an overview of the market in the past and the current situation.
I do not advise investing in highly volatile markets like crypto unless you are prepared to mark losses.
The single most important indicator is the Volume.
There are certain anomalies in the volume that can be attributed to wash trading in the beginning or the Covid.
As you can see, since the early cycles, volume in price discovery has been steady.
More importantly, the current volume in price discovery is still very low.
There are lots of talks about how some mythical players are accumulating. For 21M of issuance, the volume is huge, IMO.
!!! It is not trading advice, but an overview of the market in the past and the current situation.
I do not advise investing in highly volatile markets like crypto unless you are prepared to mark losses.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.