Breaking it down from a capital flow perspective: 58bro.eth deposited 3,000 ETH to an exchange and was sitting on an unrealized loss of $570,000 after 5 days.
When the news comes out, two things often happen in the market at the same time:
· Funds that got in early take profits
· Traders who only came in after seeing the news step in
Which side has more participants determines the price direction. $ETH 24h Trading volume: $875 million. Watch to see whether volume suddenly spikes.
#ETH
Just a personal note. Make your own decisions about trading.
When the news comes out, two things often happen in the market at the same time:
· Funds that got in early take profits
· Traders who only came in after seeing the news step in
Which side has more participants determines the price direction. $ETH 24h Trading volume: $875 million. Watch to see whether volume suddenly spikes.
#ETH
Just a personal note. Make your own decisions about trading.