A brief explanation of the price change distribution in crypto status: 👇
status platform typically refers to how the prices of a particular cryptocurrency (or a group of cryptocurrencies) have fluctuated over a certain period. It’s essentially a way of visualizing and analyzing the range of price changes within that period.
price change distribution (pcd), could represent the spread of price changes over time, like how much the price of a cryptocurrency increased or decreased, and the frequency of those changes. It might show whether the price changes are generally small or large, or how often significant price swings (either positive or negative) happen.
This price change distribution status indicator is very important for several factors;
1. traders and investors: Understanding the price change distribution can help traders or investors make better decisions by gauging how volatile an asset is and where the potential risks lie.
2. Risk Assessment: If the price change distribution shows frequent large price swings, it could indicate a higher risk and the need for more caution.
3. Market Behavior: understanding market sentiment, whether the asset is in a phase of high or low volatility.
