Is big money on the move?
“Data: If ETH breaks above $2,613, the cumulative short liquidation volume on major CEXs will reach $773 million.”
After seeing this news, I only ask three questions related to money:
1. Which way is the balance of aggressive buying and selling tipping?
2. Can trading volume at $ETH (24h: $382 million) continue to grow?
3. Are any large amounts being transferred to exchanges on-chain?
Only when all three point in the same direction can we say the news is being validated by capital; otherwise, it’s probably just a sentiment-driven disturbance.
The more a piece of news floods your feed, the more you should wait and see how the market reacts.
#ETH
This is not financial advice. Make your own decisions.
“Data: If ETH breaks above $2,613, the cumulative short liquidation volume on major CEXs will reach $773 million.”
After seeing this news, I only ask three questions related to money:
1. Which way is the balance of aggressive buying and selling tipping?
2. Can trading volume at $ETH (24h: $382 million) continue to grow?
3. Are any large amounts being transferred to exchanges on-chain?
Only when all three point in the same direction can we say the news is being validated by capital; otherwise, it’s probably just a sentiment-driven disturbance.
The more a piece of news floods your feed, the more you should wait and see how the market reacts.
#ETH
This is not financial advice. Make your own decisions.