Let's talk from the perspective of capital: a big whale went long 20,000 ETH 56 days ago and has now closed the position, making a profit of $8.93 million.
Once the news breaks, two things often happen in the market at the same time:
ยท The capital with early insight is cashing out
ยท The capital that is late to the move is taking the other side
Which of these two forces is stronger determines the direction of the trend. $ETH 24h Trading volume was $829 million; check whether the volume has unusually expanded.
#ETH
Once the news breaks, two things often happen in the market at the same time:
ยท The capital with early insight is cashing out
ยท The capital that is late to the move is taking the other side
Which of these two forces is stronger determines the direction of the trend. $ETH 24h Trading volume was $829 million; check whether the volume has unusually expanded.
#ETH