Doing better than the market
The total crypto market is −3.1% in 24 hours. GLD is −1.1%, 2.0% better than the market, so part of the move is specific to SPDR Gold Shares • Robinhood Token.
Why is the crypto market moving? →
why / gld
Why is SPDR Gold Shares • Robinhood Token down today?
SPDR Gold Shares • Robinhood Token (GLD) is down 1.1% in the last 24 hours, trading at $366.42. That is 2.0% better than the whole crypto market (−3.1%), so part of the move is specific to SPDR Gold Shares • Robinhood Token. It has been moving on its own rather than with Bitcoin (−3.3%).
GLD 24h−1.12%
Whole market 24h−3.11%
Bitcoin 24h−3.33%
Link to BTC (30d)-0.04
Volume vs normal—
signals
What is moving SPDR Gold Shares • Robinhood Token
Strongest signals first.
Very active trading
GLD traded 49% of its market cap in the last 24 hours, far more than a typical coin. Something is drawing traders in.
Moving on its own, not with Bitcoin
Over the last 30 days, GLD's daily moves had a -0.04 correlation with Bitcoin (1 means identical direction). That is low: GLD has mostly moved on its own lately, while Bitcoin is −3.3% today.
Bitcoin price →Market mood: Fear (30)
The Crypto Fear & Greed Index reads 30 out of 100, down from 51 yesterday. Sentiment is not extreme either way.
Fear & Greed Index →Liquidations, funding and open interest
See whether leveraged traders are being forced out of GLD positions right now, on the chart, in the Blockdeck app.
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Keep exploring SPDR Gold Shares • Robinhood Token
faq
Questions
Why is SPDR Gold Shares • Robinhood Token down today?
SPDR Gold Shares • Robinhood Token (GLD) is down 1.1% in the last 24 hours, trading at $366.42. That is 2.0% better than the whole crypto market (−3.1%), so part of the move is specific to SPDR Gold Shares • Robinhood Token. It has been moving on its own rather than with Bitcoin (−3.3%).
Will SPDR Gold Shares • Robinhood Token go back up?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: GLD is −0.66% over 7 days and −4.36% over 30 days. Check the live chart and the signals above, and never trade more than you can afford to lose.
How is this explanation made?
From measured market data, refreshed every few minutes: the whole market's move, GLD's link to Bitcoin over 30 days, its sector, trading volume against its 30-day average, recent news, where the price sits in its range, and market sentiment. Nothing here is guessed or written by hand.
Explanations are built from market data and are not financial advice.