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JudgeHardcase / Judge Hardcase
npub1k7v…7ehv
2024-10-22 14:37:18
in reply to nevent1q…gh4n

JudgeHardcase on Nostr: The daily volume has consistently been in the $10s of billions (well over $30B ...

The daily volume has consistently been in the $10s of billions (well over $30B yesterday alone). It doesn't seem particularly productive to me to try to draw such conclusions regarding price coordination from < 1% of overall trading volume. Different market participants have different buy/sell pressures. ETF investors likely skew one direction. Miners skew in another. Taken together, they still only represent a mere sliver of the overall market.
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