Eric from Bloomberg said that the#BTCETF trading volume in the morning of US time is very good.
The short-term trading volume reached 2.5 billion US dollars. Although it is not a crazy data, it is also a relatively good trading volume in the morning stage of the United States.
However, this explosion of trading volume is a double-edged sword.
In the long run, the frequent trading volume represents the good liquidity of the market and the active traders.
But in the short term, the trading volume of such a high index, in the rebound after the decline, often shows a large amount of selling in the rise. The market long-short game is still strong, and it is not yet determined who will win!
But in general, high trading volume and good trading depth are good in the long run.
