🐋 A note for watching the order book:
“The South Korean Financial Services Commission responds to controversy over ownership restrictions for virtual asset exchanges: strengthening regulatory accountability, not targeting any specific company.”
After the news broke, I only had three questions about the money flow:
1. Which way are the large orders leaning?
2. Can trading volume for $BTC ($910 million in 24h) increase significantly?
3. Are there any large on-chain transfers out of trading platforms?
Only when all three point in the same direction can we say the news has been validated by the flow of funds; otherwise, it’s probably just a passing gust.
What really determines the price is buying and selling pressure, not the news itself.
Stay calm and manage your position size.
“The South Korean Financial Services Commission responds to controversy over ownership restrictions for virtual asset exchanges: strengthening regulatory accountability, not targeting any specific company.”
After the news broke, I only had three questions about the money flow:
1. Which way are the large orders leaning?
2. Can trading volume for $BTC ($910 million in 24h) increase significantly?
3. Are there any large on-chain transfers out of trading platforms?
Only when all three point in the same direction can we say the news has been validated by the flow of funds; otherwise, it’s probably just a passing gust.
What really determines the price is buying and selling pressure, not the news itself.
Stay calm and manage your position size.