Fund Flow Watch:
“59 ETH stolen; an address’s old wallet, after remaining secure for 8 years and dormant for over 4, transferred funds to a new wallet, then a month later was hit by CryptoBillis Ledger Dra…”
After the news broke, I asked just three questions about fund flows:
1. Which way are the large orders leaning?
2. Is trading volume for $ETH (24-hour volume: $314 million) continuing to increase?
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 a sentiment swing.
It’s important to get the news as soon as it breaks, but trading decisions still call for a cool head.
#ETH
DYOR, and trade rationally.
“59 ETH stolen; an address’s old wallet, after remaining secure for 8 years and dormant for over 4, transferred funds to a new wallet, then a month later was hit by CryptoBillis Ledger Dra…”
After the news broke, I asked just three questions about fund flows:
1. Which way are the large orders leaning?
2. Is trading volume for $ETH (24-hour volume: $314 million) continuing to increase?
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 a sentiment swing.
It’s important to get the news as soon as it breaks, but trading decisions still call for a cool head.
#ETH
DYOR, and trade rationally.