Is big money on the move?
“BitMine added 12,532 ETH last week, bringing its total holdings to approximately 6.029 million ETH.”
When news like this breaks, I ask three questions about the money:
1. Which way are the big orders leaning?
2. Can trading in $ETH (24-hour volume: $690 million) continue to grow?
3. Are large amounts of crypto flowing into exchanges on-chain?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just a passing breeze.
Sentiment comes and goes quickly, so paying attention to whether it lasts is more important.
“BitMine added 12,532 ETH last week, bringing its total holdings to approximately 6.029 million ETH.”
When news like this breaks, I ask three questions about the money:
1. Which way are the big orders leaning?
2. Can trading in $ETH (24-hour volume: $690 million) continue to grow?
3. Are large amounts of crypto flowing into exchanges on-chain?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just a passing breeze.
Sentiment comes and goes quickly, so paying attention to whether it lasts is more important.