Quick take on large positions:
“Hyperliquid address 0x7fdafd...17d1 currently holds short positions in ETH and BTC, with notional values of 5,… respectively.”
After the news broke, I asked only three questions related to money:
1. Are aggressive traders buying to go long or selling to go short?
2. Can trading volume for $ETH (24-hour volume of $403 million) continue to grow?
3. Have whales made any large transfers to exchanges?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just a passing gust of wind.
The more frequently similar news appears, the weaker its actual impact.
#ETH
“Hyperliquid address 0x7fdafd...17d1 currently holds short positions in ETH and BTC, with notional values of 5,… respectively.”
After the news broke, I asked only three questions related to money:
1. Are aggressive traders buying to go long or selling to go short?
2. Can trading volume for $ETH (24-hour volume of $403 million) continue to grow?
3. Have whales made any large transfers to exchanges?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just a passing gust of wind.
The more frequently similar news appears, the weaker its actual impact.
#ETH