Binance B/USDT's perpetual trading volume surged 17 times within 10 minutes, with a turnover of 486 million US dollars in the past 24 hours, an increase of 5.34%.
A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements.
The current 2-hour cycle K-line shows that BTC prices are hovering below the EMA24 and EMA52 moving averages, indicating significant overall pressure. At the same time, the market trading volume has severely shrunk, only 25.40% of the average level, indicating extremely low participation of retail investors. However, the lack of large market order transaction data suggests that the main behavior may be hidden, and the market direction is still unclear.
Combined with the latest K-line pattern, a cross star appears, and with RSI breaking through the upward trend line, there is short-term rebound demand. However, due to the lack of main funding trends, it is difficult to confirm the continuity of the trend.
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The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.
