Tracking fund flows:
“Kyle Samani: My largest-ever personal angel investment went to Backpack”
After the news came out, I asked just three questions about the money:
1. Are aggressive buyers or sellers in control?
2. Is trading volume at $BTC ($738 million over 24 hours) continuing to rise?
3. Are large holders transferring significant amounts to exchanges?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just a passing gust.
The impact of a news item is usually not as great as people think.
#BTC
This is not financial advice. Make your own decisions.
“Kyle Samani: My largest-ever personal angel investment went to Backpack”
After the news came out, I asked just three questions about the money:
1. Are aggressive buyers or sellers in control?
2. Is trading volume at $BTC ($738 million over 24 hours) continuing to rise?
3. Are large holders transferring significant amounts to exchanges?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just a passing gust.
The impact of a news item is usually not as great as people think.
#BTC
This is not financial advice. Make your own decisions.