What are the whales doing?
“Famous hedge fund managers turn fully bearish on U.S. stocks” is trending, and $BTC , which is tied to movements in U.S. stocks, has resurfaced.
Trending topics usually bring in short-term money: it comes in fast and leaves just as fast. To see whether real money will enter the market, watch two data points: whether trading volume continues to grow (currently $1.53 billion over 24 hours), and whether large buy orders are appearing in clusters.
#BTC
“Famous hedge fund managers turn fully bearish on U.S. stocks” is trending, and $BTC , which is tied to movements in U.S. stocks, has resurfaced.
Trending topics usually bring in short-term money: it comes in fast and leaves just as fast. To see whether real money will enter the market, watch two data points: whether trading volume continues to grow (currently $1.53 billion over 24 hours), and whether large buy orders are appearing in clusters.
#BTC