What to watch in the money flow:
“Lido Lend lending market is proposed to launch, pending approval by a Lido DAO vote.”
After this news breaks, I’ll ask three questions about the money flow:
1. Are large orders skewed toward buying or selling?
2. Has trading volume for $ETH ( $913 million over 24 hours) increased noticeably?
3. Are large holders making any unusual transfers off exchanges?
Only when all three point in the same direction can we say the market has validated this news; otherwise, it’s probably just a passing trend.
The hotter the news gets, the more important it is to see which way the money is flowing.
#ETH
This article is for informational purposes only and is not investment advice.
“Lido Lend lending market is proposed to launch, pending approval by a Lido DAO vote.”
After this news breaks, I’ll ask three questions about the money flow:
1. Are large orders skewed toward buying or selling?
2. Has trading volume for $ETH ( $913 million over 24 hours) increased noticeably?
3. Are large holders making any unusual transfers off exchanges?
Only when all three point in the same direction can we say the market has validated this news; otherwise, it’s probably just a passing trend.
The hotter the news gets, the more important it is to see which way the money is flowing.
#ETH
This article is for informational purposes only and is not investment advice.