Follow the money:
“Soda Labs receives a $3 million seed investment from NextBlock”
After the news broke, I asked just three money-related questions:
1. Which way are large orders leaning?
2. Can trading volume for $ETH (24h volume: $784 million) increase significantly?
3. Are there any large on-chain transfers out of exchanges?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just noise.
Whether the news is bullish or bearish, watch how the market digests it. Don’t just read the headline.
#ETH
These are only my personal opinions. Make your own decisions when buying or selling.
“Soda Labs receives a $3 million seed investment from NextBlock”
After the news broke, I asked just three money-related questions:
1. Which way are large orders leaning?
2. Can trading volume for $ETH (24h volume: $784 million) increase significantly?
3. Are there any large on-chain transfers out of exchanges?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just noise.
Whether the news is bullish or bearish, watch how the market digests it. Don’t just read the headline.
#ETH
These are only my personal opinions. Make your own decisions when buying or selling.