The largest transfers on the TRON blockchain predominantly occur during the Asian session, between 0 and 8 UTC. This period also reveals significant variations in TRX price, indicating moments of high volatility. Notably, large transfers often coincide with activity in Asian financial markets, suggesting strong interest from Asia in the TRON blockchain.
For a more detailed analysis, we introduce the Asia Session Premium Gap, which measures the difference between the maximum and minimum prices during the Asian session. This indicator highlights moments of higher buying power and selling pressure from Asian investors. Although a negative indicator often signals profitable sales during price increases, it is important to consider that selling pressure can also occur during TRX price declines.
Additionally, the TRX: Global Session Spread Index compares the difference between maximum and minimum prices in each market session, providing a comprehensive view of price variations worldwide. Currently, the Asian session shows a significant spread, indicating high volatility. However, we have also observed an increase in the European Spread, which may enhance the analysis by considering the impacts of different trading sessions.
Written by joaowedson
