What are the major players doing?
“An exchange joins a joint operation in London to crack down on a West African fraud network”
When news like this comes out, I ask three questions about the money:
1. Which way are large trades leaning?
2. Is trading volume for $BTC ($1.553 billion over 24h) continuing to grow?
3. Are there any unusual transfers of funds on-chain to exchanges?
Only when all three point in the same direction can we say the news is being validated by the money; otherwise, it’s mostly just emotional noise.
Sometimes the market prices things in early, so when the news breaks, it can turn into a sell-the-news event.
NFA, DYOR.
“An exchange joins a joint operation in London to crack down on a West African fraud network”
When news like this comes out, I ask three questions about the money:
1. Which way are large trades leaning?
2. Is trading volume for $BTC ($1.553 billion over 24h) continuing to grow?
3. Are there any unusual transfers of funds on-chain to exchanges?
Only when all three point in the same direction can we say the news is being validated by the money; otherwise, it’s mostly just emotional noise.
Sometimes the market prices things in early, so when the news breaks, it can turn into a sell-the-news event.
NFA, DYOR.