🐋 Capital votes with its feet:
“Some KYC data from Web3 finance platform Based was leaked; funds on cards are unaffected.”
After news like this breaks, I ask three money-related questions:
1. Which way is aggressive buying and selling leaning?
2. Is trading volume for $BTC ($1.384 billion in 24h) expanding significantly?
3. Are whales making large deposits to exchanges?
Only when all three point in the same direction can we say the market has validated the news with capital; otherwise, it’s probably just emotional noise.
The hotter the news, the more important it is to see which side the money is on.
Just my personal opinion, for reference only.
“Some KYC data from Web3 finance platform Based was leaked; funds on cards are unaffected.”
After news like this breaks, I ask three money-related questions:
1. Which way is aggressive buying and selling leaning?
2. Is trading volume for $BTC ($1.384 billion in 24h) expanding significantly?
3. Are whales making large deposits to exchanges?
Only when all three point in the same direction can we say the market has validated the news with capital; otherwise, it’s probably just emotional noise.
The hotter the news, the more important it is to see which side the money is on.
Just my personal opinion, for reference only.