Quick take on large trades:
“Arkham: On-chain holdings in wallets tagged as belonging to Justin Sun total $2.25 billion across 10 blockchains.”
After this news came out, I only have three questions about the money:
1. Which way are buyers and sellers leaning?
2. Can trading volume at $BTC (24h: $925 million) increase significantly?
3. Have any large amounts been transferred to exchanges?
Only if all three point in the same direction does this news really carry weight; otherwise, it’s probably just a passing gust.
The impact of news on market movements is often delayed.
#BTC
“Arkham: On-chain holdings in wallets tagged as belonging to Justin Sun total $2.25 billion across 10 blockchains.”
After this news came out, I only have three questions about the money:
1. Which way are buyers and sellers leaning?
2. Can trading volume at $BTC (24h: $925 million) increase significantly?
3. Have any large amounts been transferred to exchanges?
Only if all three point in the same direction does this news really carry weight; otherwise, it’s probably just a passing gust.
The impact of news on market movements is often delayed.
#BTC