Post #3 · Topic #1 · Volumes
We measure the price shift per +1σ of volume. Aggressive buying nudges price up (about +0.10 bp/σ on BTC at the low band) while aggressive selling barely moves it (about −0.01 bp/σ) — a small, asymmetric impact ratio. Neither side gives a reliable directional push; buying just leaves a slightly clearer footprint than selling.

Volumes · Part 3/18 · Market Flow Research. Research, not financial advice.
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