Where are the chips headed? Here are the clues:
“Farcaster acquired by Network School, changing hands for the second time this year”
After the news broke, I asked just three questions related to money:
1. Which way is the balance of active buying and selling tilting?
2. Can trading volume for $BTC (24h: $1.84 billion) increase significantly?
3. Are large holders making unusually large transfers off exchanges?
If all three point in the same direction, then the news has been validated by the money; otherwise, it’s probably just noise.
The news itself is only the starting point. The price’s vote is the answer.
“Farcaster acquired by Network School, changing hands for the second time this year”
After the news broke, I asked just three questions related to money:
1. Which way is the balance of active buying and selling tilting?
2. Can trading volume for $BTC (24h: $1.84 billion) increase significantly?
3. Are large holders making unusually large transfers off exchanges?
If all three point in the same direction, then the news has been validated by the money; otherwise, it’s probably just noise.
The news itself is only the starting point. The price’s vote is the answer.