Watch the money, not the talk:
“Citadel Securities and the Bank of New York Mellon complete a tokenized U.S. Treasury repo transaction”
When news like this comes out, I ask three money-related questions:
1. Which way are large orders leaning?
2. Is trading volume for $BTC ($1.197 billion over 24 hours) continuing to grow?
3. Are whales making large transfers to exchanges?
Only when all three point in the same direction does this news carry real weight; otherwise, it’s probably just a passing breeze.
News often affects sentiment first. The direction still depends on the money.
#BTC
“Citadel Securities and the Bank of New York Mellon complete a tokenized U.S. Treasury repo transaction”
When news like this comes out, I ask three money-related questions:
1. Which way are large orders leaning?
2. Is trading volume for $BTC ($1.197 billion over 24 hours) continuing to grow?
3. Are whales making large transfers to exchanges?
Only when all three point in the same direction does this news carry real weight; otherwise, it’s probably just a passing breeze.
News often affects sentiment first. The direction still depends on the money.
#BTC