Follow the money:
“Federal Reserve Governor Waller: Outcomes can be improved by ‘signaling’ to the market what policy options may be available.”
After the news breaks, I ask three money-related questions:
1. Are large orders skewed toward buying or selling?
2. Is trading volume for $BTC ($1.554 billion over 24 hours) continuing to grow?
3. Are there any unusual transfers to exchanges on-chain?
Only when all three point in the same direction has the news been validated by the money; otherwise, it’s probably just noise.
Money—not the news itself—is what really determines prices.
#BTC
Data is from public sources. Please do your own research (DYOR).
“Federal Reserve Governor Waller: Outcomes can be improved by ‘signaling’ to the market what policy options may be available.”
After the news breaks, I ask three money-related questions:
1. Are large orders skewed toward buying or selling?
2. Is trading volume for $BTC ($1.554 billion over 24 hours) continuing to grow?
3. Are there any unusual transfers to exchanges on-chain?
Only when all three point in the same direction has the news been validated by the money; otherwise, it’s probably just noise.
Money—not the news itself—is what really determines prices.
#BTC
Data is from public sources. Please do your own research (DYOR).