đ Order-book watch:
âAre the buy walls below BTCâs spot price really reliable? Large bids may struggle to withstand a cascade of long liquidations.â
When news breaks, I ask three questions about the money flow:
1. Are large orders buying or selling?
2. Has trading in $BTC (24h: $1.384 billion) picked up noticeably?
3. Have large amounts of funds moved on-chain to exchanges?
Only when all three point in the same direction can we say the market has validated the news with its money. Otherwise, itâs probably just a sentiment-driven disturbance.
Rather than guessing how the news will affect the market, watch how the price moves.
#BTC
DYOR. Trade rationally.
âAre the buy walls below BTCâs spot price really reliable? Large bids may struggle to withstand a cascade of long liquidations.â
When news breaks, I ask three questions about the money flow:
1. Are large orders buying or selling?
2. Has trading in $BTC (24h: $1.384 billion) picked up noticeably?
3. Have large amounts of funds moved on-chain to exchanges?
Only when all three point in the same direction can we say the market has validated the news with its money. Otherwise, itâs probably just a sentiment-driven disturbance.
Rather than guessing how the news will affect the market, watch how the price moves.
#BTC
DYOR. Trade rationally.