Let’s look at the news about project $BTW from a capital-flow perspective:
A trader made $151,000 by going 4x long on BTW, earning a 253% return.
After good news breaks, there are usually two kinds of money in the market: short-term money chasing the hype, and money that got in early and is waiting to cash out. The market can keep climbing only when the former outweighs profit-taking.
A trader made $151,000 by going 4x long on BTW, earning a 253% return.
After good news breaks, there are usually two kinds of money in the market: short-term money chasing the hype, and money that got in early and is waiting to cash out. The market can keep climbing only when the former outweighs profit-taking.