Why Nostr? What is Njump?
2024-10-22 14:37:18
in reply to

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.
Author Public Key
npub1k7v6uflqxu9js45e8ek53u2azefe6j49r7lna0da90zq7c9y6f0q8x7ehv