The movement of large orders is often hidden in trading activity:
“A whale’s Ethereum long position was liquidated for nearly $70 million, but they still hold a new position of 79,000 ETH.”
After the news broke, I asked just three questions about the flow of funds:
1. Which way is the balance of aggressive buying and selling leaning?
2. Is trading volume for $ETH ($898 million over 24 hours) continuing to rise?
3. Are there any large transfers from on-chain wallets to exchanges?
Only when all three point in the same direction does this news carry real weight; otherwise, it’s probably just a sentiment-driven disturbance.
The market’s reaction to the news tells us far more than the news itself.
#ETH
This is for informational purposes only and does not constitute investment advice.
“A whale’s Ethereum long position was liquidated for nearly $70 million, but they still hold a new position of 79,000 ETH.”
After the news broke, I asked just three questions about the flow of funds:
1. Which way is the balance of aggressive buying and selling leaning?
2. Is trading volume for $ETH ($898 million over 24 hours) continuing to rise?
3. Are there any large transfers from on-chain wallets to exchanges?
Only when all three point in the same direction does this news carry real weight; otherwise, it’s probably just a sentiment-driven disturbance.
The market’s reaction to the news tells us far more than the news itself.
#ETH
This is for informational purposes only and does not constitute investment advice.