For those tracking the money:
“Based’s trading wallet and app are unaffected. Co-founder Edison has notified regulators and filed a police report.”
After this news broke, I’d ask three questions about the money:
1. Which way are net buying and selling leaning?
2. Can trading volume for $BTC (24h: $667 million) keep growing?
3. Have any large holders made unusual transfers to exchanges?
Only when all three point in the same direction does this news carry real weight; otherwise, it’s probably just noise.
The hotter the news gets, the more important it is to see which side the money is on.
#BTC
Just chatting—don’t take this as advice.
“Based’s trading wallet and app are unaffected. Co-founder Edison has notified regulators and filed a police report.”
After this news broke, I’d ask three questions about the money:
1. Which way are net buying and selling leaning?
2. Can trading volume for $BTC (24h: $667 million) keep growing?
3. Have any large holders made unusual transfers to exchanges?
Only when all three point in the same direction does this news carry real weight; otherwise, it’s probably just noise.
The hotter the news gets, the more important it is to see which side the money is on.
#BTC
Just chatting—don’t take this as advice.