Breaking it down from a capital-flow perspective: Galaxy Digital research head: More than half of BTC is held at unidentified addresses; individual holdings remain dominant amid institutionalization
When news breaks, two things usually happen in the market at the same time:
Investors who saw it coming start looking for opportunities to exit.
Traders who only entered after seeing the news start buying in.
Whichever group has greater influence determines the market’s direction. $BTC 24h Trading volume was $1.018 billion. Check whether turnover has risen unusually.
#BTC
When news breaks, two things usually happen in the market at the same time:
Investors who saw it coming start looking for opportunities to exit.
Traders who only entered after seeing the news start buying in.
Whichever group has greater influence determines the market’s direction. $BTC 24h Trading volume was $1.018 billion. Check whether turnover has risen unusually.
#BTC