Break down the situation from a funding perspective: Data: The U.S. government address has moved another 12,267.02 BTC, worth about $1.006 billion
Once the news comes out, two things usually happen on the market at the same time:
• Funds that were pre-positioned begin to cash out
• Funds that only came in after seeing the news enter the market
Whichever side has greater strength will determine the price direction. $BTC 24h trading volume: $1.355 billion—watch whether the trading volume shows any unusual expansion.
#BTC
Crypto assets are highly volatile, so please manage your position size reasonably.
Once the news comes out, two things usually happen on the market at the same time:
• Funds that were pre-positioned begin to cash out
• Funds that only came in after seeing the news enter the market
Whichever side has greater strength will determine the price direction. $BTC 24h trading volume: $1.355 billion—watch whether the trading volume shows any unusual expansion.
#BTC
Crypto assets are highly volatile, so please manage your position size reasonably.