A note on tracking funds:
“The attacker who targeted 79AU’s operational hot wallet has returned 15,000 BNB, worth approximately $11 million.”
After this news broke, I’d ask three questions about fund flows:
1. Which way are large orders leaning?
2. Is trading volume for $BNB (24h: $139 million) continuing to grow?
3. Are whales making large withdrawals from exchanges?
Only if all three point in the same direction can we say the news is being validated by fund flows; otherwise, it’s probably just a sentiment-driven disturbance.
Truly important news tends to be discussed continuously for a while.
#BNB
For reference only. Proceed at your own risk.
“The attacker who targeted 79AU’s operational hot wallet has returned 15,000 BNB, worth approximately $11 million.”
After this news broke, I’d ask three questions about fund flows:
1. Which way are large orders leaning?
2. Is trading volume for $BNB (24h: $139 million) continuing to grow?
3. Are whales making large withdrawals from exchanges?
Only if all three point in the same direction can we say the news is being validated by fund flows; otherwise, it’s probably just a sentiment-driven disturbance.
Truly important news tends to be discussed continuously for a while.
#BNB
For reference only. Proceed at your own risk.