Whether trading volume increases noticeably before and after the news is the most direct way to test it.
For example, this item: A whale received 1162 BTC from Wintermute through 5 newly created wallets, $BTC (24h +0.99%).
Positive news is usually first driven by short-term speculation; only afterward can you see whether there’s genuine buying support.
For example, this item: A whale received 1162 BTC from Wintermute through 5 newly created wallets, $BTC (24h +0.99%).
Positive news is usually first driven by short-term speculation; only afterward can you see whether there’s genuine buying support.