Watch the money, not the words:
「Cipher Digital plans to issue up to $1 billion in convertible notes to build AI data centers」
When the news broke, I asked just three money-related questions:
1. Is active trading skewed toward buying or selling?
2. Has trading volume for $BTC (24h: $1.289 billion) increased significantly?
3. Have any large holders made unusual transfers to exchanges?
Only if all three point in the same direction has the news been validated by the money; otherwise, it’s probably just noise.
Rather than guess how the news will affect the market, watch how the price moves.
#BTC
「Cipher Digital plans to issue up to $1 billion in convertible notes to build AI data centers」
When the news broke, I asked just three money-related questions:
1. Is active trading skewed toward buying or selling?
2. Has trading volume for $BTC (24h: $1.289 billion) increased significantly?
3. Have any large holders made unusual transfers to exchanges?
Only if all three point in the same direction has the news been validated by the money; otherwise, it’s probably just noise.
Rather than guess how the news will affect the market, watch how the price moves.
#BTC