dYdX · DYDX/USDT · daily
What happens to dYdX after a volume spike on a green day?
Since 2021, dYdX has shown a volume spike on a green day 19 times. In the 19 cases old enough to score, the price was higher 7 days later 47% of the time, with a median move of −1.4%. On an ordinary day the median 7-day move for DYDX is −1.7%.
No better than chance10
Once you allow for how many studies were run, a gap this large is luck about 99% of the time, so this signal has told you nothing reliable about the following week.
By holding period
| After | Cases | Higher | Median move | Middle half | Ordinary median | Gap | By luck | Proof score |
|---|---|---|---|---|---|---|---|---|
| 1 day | 19 | 53% | +1.0% | −4.0% to +7.9% | −0.2% | +1.2% | 64% | 15 |
| 3 days | 19 | 53% | +3.3% | −7.2% to +9.3% | −0.7% | +4.0% | 38% | 45 |
| 7 days | 19 | 47% | −1.4% | −11.3% to +15.5% | −1.7% | +0.3% | 99% | 10 |
| 14 days | 19 | 47% | −3.5% | −17.4% to +17.1% | −3.9% | +0.4% | 99% | 10 |
| 30 days | 19 | 37% | −9.5% | −31.1% to +7.0% | −7.8% | −1.8% | 97% | 11 |
“Ordinary median” is the median move of DYDX over the same number of days starting from any day. “Gap” is the signal's median minus the ordinary one. “By luck” is how often a gap at least that large comes from randomly chosen days, corrected for the 3,572 studies run at each holding period (for this study taken alone: 92%).
Holding it for 7 days
Dips and best points use each day's low and high, measured from the close on the signal day. Costs assume 0.3% for a round trip: a 0.1% exchange fee each way and 0.05% slippage each way.
Did it hold up over time?
Splitting the cases by date: in the earlier 11 the gap over 7 days was −3.2%, and in the later 8 it was +4.4%. The direction changed, which is what a pattern produced by chance tends to do.
Every occurrence
One square per occurrence, oldest first. Green: higher 7 days later. Red: lower. Grey: not yet 7 days old.
| Date | Close | +1d | +7d | +30d |
|---|---|---|---|---|
| 18 Sep 2026 | $0.1268 | +4.7% | +6.8% | −9.5% |
| 21 Aug 2026 | $0.1232 | −4.0% | −10.5% | +5.5% |
| 23 Jun 2026 | $0.1501 | −0.2% | +20.0% | −17.5% |
| 7 May 2026 | $0.1945 | −8.4% | −19.6% | −31.0% |
| 24 Apr 2026 | $0.1632 | −0.6% | −11.4% | −10.5% |
| 16 Apr 2026 | $0.1295 | +7.6% | +14.5% | +8.6% |
| 25 Mar 2026 | $0.08820 | +3.4% | +12.6% | +85.0% |
| 24 Sep 2025 | $0.6225 | −10.0% | −1.4% | −46.4% |
| 6 Dec 2024 | $2.32 | +3.8% | −6.9% | −31.3% |
| 20 Oct 2024 | $1.31 | −5.9% | −21.4% | −5.0% |
| 23 Feb 2024 | $3.24 | +8.7% | +10.2% | +5.5% |
| 9 Nov 2023 | $2.54 | +12.3% | +42.8% | +15.5% |
The 12 most recent. All 19 are in the open data file.
The rule
Daily volume at least 3× its previous 30-day average, and the day closes above its open. A surge of volume on an up day is usually read as fresh demand arriving, and as a sign that the move has backing.
Occurrences closer than 7 days to the previous one are not counted again. The signal is confirmed at the daily close (00:00 UTC) and returns are measured from that close. Full method.
The same signal on other coins
| Coin | Cases | Higher after 7d | Median | Gap | Verdict |
|---|---|---|---|---|---|
 Radworks | 54 | 30% | −4.7% | −3.9% | Strong evidence · leans down |
 Cardano | 38 | 63% | +4.6% | +5.5% | Strong evidence · leans up |
 Ethereum | 25 | 64% | +6.3% | +6.0% | Some evidence · leans up |
 Request | 46 | 33% | −3.8% | −3.4% | Some evidence · leans down |
 THORChain | 26 | 62% | +9.7% | +10.1% | Some evidence · leans up |
 Solana | 25 | 64% | +7.9% | +8.2% | Some evidence · leans up |
 Bitcoin | 22 | 86% | +4.8% | +4.3% | Some evidence · leans up |
 Immutable | 30 | 63% | +5.1% | +6.8% | Some evidence · leans up |
Volume spike on a green day across all 94 coins
Other dYdX signals
New signals are sealed in the public ledger at the daily close. Members see them immediately; everyone else sees them a day later.
See today's signals