The movement of funds is often hidden in trading activity:
“Binance can’t take it anymore, and mining pools are turning into a ‘charity business’ - link”
After the news came out, I asked just three questions related to money:
1. Are aggressive buyers or sellers in the lead?
2. Is trading volume for $BNB (24-hour volume: $93.2 million) continuing to grow?
3. Have there been any unusual transfers on-chain to trading platforms?
Only when all three point in the same direction can the news be considered validated by the flow of funds; otherwise, it’s probably just noise.
Rather than guessing how the news will affect the market, watch how the price moves.
For reference only; not investment advice.
“Binance can’t take it anymore, and mining pools are turning into a ‘charity business’ - link”
After the news came out, I asked just three questions related to money:
1. Are aggressive buyers or sellers in the lead?
2. Is trading volume for $BNB (24-hour volume: $93.2 million) continuing to grow?
3. Have there been any unusual transfers on-chain to trading platforms?
Only when all three point in the same direction can the news be considered validated by the flow of funds; otherwise, it’s probably just noise.
Rather than guessing how the news will affect the market, watch how the price moves.
For reference only; not investment advice.