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Percent Volume in Profit

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Metric Description

Percent Volume in Profit is used to track the percentage of BTC that moved during the current day, the price of which was lower than the current price at the time of the previous move.

1) The maximum value of this indicator often corresponds to the short-term top of the BTC price.

2) The minimum value of this indicator often corresponds to the short-term bottom of the BTC price.

The reason for the above phenomenon is that when the indicator value is large, it means that there are more BTC in profits, and the selling pressure of profiters is likely to cause the price to drop; when the indicator value is small, it means that the number of BTC in losses is large, and the mood is extremely depressed. The market may usher in a turn.