Whether trading volume actually increased before and after the announcement is the simplest way to assess it.
Take this announcement, for example: an exchange has launched a double CandyBomb campaign, with trading unlocking BTC and rSNDK airdrops. $BTC is down 0.2% intraday.
It’s hardly bullish. If more specific data comes out later, we can take a closer look then.
#BTC
Just my personal opinion—please take it with a grain of salt.
Take this announcement, for example: an exchange has launched a double CandyBomb campaign, with trading unlocking BTC and rSNDK airdrops. $BTC is down 0.2% intraday.
It’s hardly bullish. If more specific data comes out later, we can take a closer look then.
#BTC
Just my personal opinion—please take it with a grain of salt.