❣️ I want to show you something called "Heat Map" from Binance Futures. It is a very useful tool to understand the cryptocurrency market at a glance.
What does each thing mean?
The squares: Each one represents a cryptocurrency, like Bitcoin (BTC) or Ethereum (ETH).
The size of the square: The larger ones, like those of BTC and ETH, are the cryptocurrencies that are moving and trading the most in the market.
The color: This is key!
Red: Means that the price of the cryptocurrency is going down.
Green: Means that the price is going up.
In the image I share with you, you can see that most of the squares are red. This tells us that, in general, the market has had a downward trend recently. The only exception is the cryptocurrency SOON, which is in green, and with quite a large increase!
❣️ With this map, we can quickly know which cryptos are gaining and which are losing, and which are the most important at the moment. It is a visual way to see the pulse of the market.