A contrarian take: cumulative notional trading volume has exceeded $1 trillion, while Papertrade’s open interest is around $664 million.
Most people see this as bearish news, but what I’m wondering is: has most of the selling pressure already been absorbed? It’s not uncommon for prices to rise rather than fall after bad news comes out.
$BTC 24h -2.3%. Rather than guessing how the news will affect the market, it’s better to watch how prices move.
#BTC
Most people see this as bearish news, but what I’m wondering is: has most of the selling pressure already been absorbed? It’s not uncommon for prices to rise rather than fall after bad news comes out.
$BTC 24h -2.3%. Rather than guessing how the news will affect the market, it’s better to watch how prices move.
#BTC