Is smart money starting to position itself?
“South Korean stock market hit by major foreign investor sell-off” is trending, and $BTC , which is tied to stock market movements, has risen along with it.
Trending topics usually attract hot money: it comes in fast and leaves just as quickly. To see whether real money has entered the market, watch two things: whether trading volume can stay elevated for several hours (currently $1.19 billion over 24 hours), and whether aggressive buy orders are rising in a concentrated way.
#BTC
Don’t take this as financial advice.
“South Korean stock market hit by major foreign investor sell-off” is trending, and $BTC , which is tied to stock market movements, has risen along with it.
Trending topics usually attract hot money: it comes in fast and leaves just as quickly. To see whether real money has entered the market, watch two things: whether trading volume can stay elevated for several hours (currently $1.19 billion over 24 hours), and whether aggressive buy orders are rising in a concentrated way.
#BTC
Don’t take this as financial advice.