Is the $60.7 million order real? A one-way long on $ETH , before the news is even confirmed.
The news hadn’t even been verified, yet someone put up a $60.7 million order, and the market immediately surged to 2,490. But a single CPI report could wipe it all out.
Don’t treat a massive one-sided order as evidence of a trend. It may move the market intraday, but the medium-term outlook depends on ETF outflows and confirmation from CPI. For the short term, watch how well 2,450 holds before making a call.
Is the buying support behind this move strong enough, or should we wait to see how the funds flow?
#Write2Earn #BinanceSquare #ETH Futures #TradingTournament
The news hadn’t even been verified, yet someone put up a $60.7 million order, and the market immediately surged to 2,490. But a single CPI report could wipe it all out.
Don’t treat a massive one-sided order as evidence of a trend. It may move the market intraday, but the medium-term outlook depends on ETF outflows and confirmation from CPI. For the short term, watch how well 2,450 holds before making a call.
Is the buying support behind this move strong enough, or should we wait to see how the funds flow?
#Write2Earn #BinanceSquare #ETH Futures #TradingTournament