Fund flows are worth watching:
“An account bought $61,200 worth of contracts on the Fed holding rates steady in October”
After this news came out, I’d ask three questions about the money:
1. Are large trades net buying or net selling?
2. Is trading volume for $BTC ($1.872 billion over 24 hours) continuing to grow?
3. Are there any unusual transfers to exchanges on-chain?
If all three point in the same direction, then this news has real weight; otherwise, it’s probably just a passing blip.
Don’t rush to conclusions—wait and see if more details emerge.
#BTC
“An account bought $61,200 worth of contracts on the Fed holding rates steady in October”
After this news came out, I’d ask three questions about the money:
1. Are large trades net buying or net selling?
2. Is trading volume for $BTC ($1.872 billion over 24 hours) continuing to grow?
3. Are there any unusual transfers to exchanges on-chain?
If all three point in the same direction, then this news has real weight; otherwise, it’s probably just a passing blip.
Don’t rush to conclusions—wait and see if more details emerge.
#BTC