It could mean the opposite, too. When everyone waits for a crash, expect many trapped bears.
Thanks for the data!
Topic: Rally from $500 happened on very low volume, crash looming? - page 8. (Read 11045 times)
It will be more useful if you can predict where the pullback will go to and from where. We all know that at some point it will go down a bit.
Data used: Bitstamp's hourly volume weighted average historical trades Nov 1, 00:00 - Nov 30, 09:00.
Total volume during that period: BTC953,782.
During November, 59% of the trades (by BTC volume) happened at prices lower than $500. Conversely, only 9% happened on $900 or higher. The average price for all trades was $517.
Total volume during that period: BTC953,782.
Code:
price volume mid point BTC $m
$200-299 BTC215,619 $250.00 215619 $53.90
$300-399 BTC208,384 $350.00 208384 $72.93
$400-499 BTC135,057 $450.00 135057 $60.78
$500-599 BTC98,430 $550.00 98430 $54.14
$600-699 BTC86,344 $650.00 86344 $56.12
$700-799 BTC46,202 $750.00 46202 $34.65
$800-899 BTC73,779 $850.00 73779 $62.71
$900-999 BTC47,990 $950.00 47990 $45.59
$1000-1099 BTC36,849 $1050.00 36849 $38.69
$1100-1199 BTC5,127 $1150.00 5127 $5.90
$200-299 BTC215,619 $250.00 215619 $53.90
$300-399 BTC208,384 $350.00 208384 $72.93
$400-499 BTC135,057 $450.00 135057 $60.78
$500-599 BTC98,430 $550.00 98430 $54.14
$600-699 BTC86,344 $650.00 86344 $56.12
$700-799 BTC46,202 $750.00 46202 $34.65
$800-899 BTC73,779 $850.00 73779 $62.71
$900-999 BTC47,990 $950.00 47990 $45.59
$1000-1099 BTC36,849 $1050.00 36849 $38.69
$1100-1199 BTC5,127 $1150.00 5127 $5.90
During November, 59% of the trades (by BTC volume) happened at prices lower than $500. Conversely, only 9% happened on $900 or higher. The average price for all trades was $517.
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