What impact do more than half of all bitcoin trades have on the price of bitcoin?

1 answers

• Mar 20, 2022 · 3 years ago
  More than half of all bitcoin trades can have a significant impact on the price of bitcoin. This is because the price of bitcoin is determined by the collective actions of traders in the market. When a large volume of trades occurs, it can create a sense of market sentiment and influence the price. If more than half of the trades are buying bitcoin, it can signal positive sentiment and attract more buyers, which can drive the price up. Conversely, if more than half of the trades are selling bitcoin, it can signal negative sentiment and attract more sellers, which can push the price down. However, it's important to note that the impact of trades on the price is not solely determined by their quantity, but also by the overall market conditions and other external factors.
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