A whale or institution may have sold a total of 837.8 BTC and bought about $69.68 million worth of ETH.
Here are both sides:
Bullish case: The news provides a narrative that could boost market interest.
Bearish case: The expectation could be priced in early, making the news a sell-the-fact event once it materializes.
My take: Both sides have a point. The real question is how to decide based on $BTC ’s price action and trading volume.
$BTC is currently at 82685.8, down 1.23% over 24 hours, with a 24-hour range of 81033.66–84352.
#BTC
Here are both sides:
Bullish case: The news provides a narrative that could boost market interest.
Bearish case: The expectation could be priced in early, making the news a sell-the-fact event once it materializes.
My take: Both sides have a point. The real question is how to decide based on $BTC ’s price action and trading volume.
$BTC is currently at 82685.8, down 1.23% over 24 hours, with a 24-hour range of 81033.66–84352.
#BTC