“Will the Fed shrink its balance sheet next year?” has become a trending topic across the internet, and $BTC , which is affected by the Fed, has been mentioned as well.
For the buzz to carry over to the coin price, it has to pass three tests:
① Attention: Will the community join the discussion?
② Volume: Has trading volume increased noticeably?
③ Staying power: Can the buzz last more than 24 hours?
$BTC is currently at 83396, down 0.14% over 24h. Only if it passes all three tests can the buzz be considered to have translated into price action. If it only makes it past the first step, it often blows over quickly.
There’s still a layer of capital between a topic and the price.
#BTC
For the buzz to carry over to the coin price, it has to pass three tests:
① Attention: Will the community join the discussion?
② Volume: Has trading volume increased noticeably?
③ Staying power: Can the buzz last more than 24 hours?
$BTC is currently at 83396, down 0.14% over 24h. Only if it passes all three tests can the buzz be considered to have translated into price action. If it only makes it past the first step, it often blows over quickly.
There’s still a layer of capital between a topic and the price.
#BTC