What are the big players doing?
“Up over 64% in 24 hours, Wormhole hit a high of $0.02945.”
When news breaks, I ask three questions about the money flow:
1. Are aggressive buyers or sellers in control?
2. Is trading volume for $BTC ($660 million in 24h) continuing to grow?
3. Are large holders making sizeable transfers to exchanges?
Only when all three point in the same direction has the news been validated by the money flow; otherwise, it’s probably just a passing gust.
The more a story floods your feed, the more reason to wait and see what the money does.
#BTC
“Up over 64% in 24 hours, Wormhole hit a high of $0.02945.”
When news breaks, I ask three questions about the money flow:
1. Are aggressive buyers or sellers in control?
2. Is trading volume for $BTC ($660 million in 24h) continuing to grow?
3. Are large holders making sizeable transfers to exchanges?
Only when all three point in the same direction has the news been validated by the money flow; otherwise, it’s probably just a passing gust.
The more a story floods your feed, the more reason to wait and see what the money does.
#BTC