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Bitcoin slipped while Ethereum moved in the opposite direction, even as overall crypto trading volumes declined — a combination that reads less like a rotation trade and more like a market that cannot decide what it wants to do next.
The divergence, flagged by Pluang, carries a cautious undertone that traders should not be too quick to reframe as bullish.
When Volume Falls, Be Suspicious of the Move The first question any veteran of these markets asks when prices shift is: what was the volume? Here the answer is unflattering.
Trading activity fell across the crypto space even as the two largest assets moved in opposite directions. Low-volume moves are notoriously unreliable signals.
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