Last time I traded crypto it was constantly ripping up and down. I try to trade now and it’s at a complete standstill. Is volume always this low or is it just the stock market now and we’re in off hours.
What happened to the market
byu/Own_Report3197 inCryptoMarkets
Posted by Own_Report3197
2 Comments
Been pretty steady for a bit now waiting on a break up or down. Needs news to move
**After the last drop, a lot of defensive inventory was accumulated.**
**Now the market is mostly in the distribution phase before it can continue with the real move.**
**That’s why it feels dead. It’s not necessarily lack of volume, it’s inventory being worked through. Once that process is finished, volatility usually comes back very fast.**