Is capital moving quickly?
“Standard Chartered: Granted a VARA license in the UAE to launch BTC and ETH trading services for wealthy clients”
After news like this comes out, I ask three questions about the money:
1. Are aggressive buyers or sellers in control?
2. Has trading volume at $BTC (11.16 billion USD over 24 hours) increased noticeably?
3. Have there been any large transfers out of exchanges on-chain?
Only when all three point in the same direction can we say the news is being validated by the money; otherwise, it’s probably just a passing gust.
Watch trading volume, not just the narrative, and you’ll avoid a lot of pitfalls.
#BTC
For reference only. Proceed at your own risk.
“Standard Chartered: Granted a VARA license in the UAE to launch BTC and ETH trading services for wealthy clients”
After news like this comes out, I ask three questions about the money:
1. Are aggressive buyers or sellers in control?
2. Has trading volume at $BTC (11.16 billion USD over 24 hours) increased noticeably?
3. Have there been any large transfers out of exchanges on-chain?
Only when all three point in the same direction can we say the news is being validated by the money; otherwise, it’s probably just a passing gust.
Watch trading volume, not just the narrative, and you’ll avoid a lot of pitfalls.
#BTC
For reference only. Proceed at your own risk.