Are chips quietly changing hands?
“Allium: Stablecoin payment volume rose 45% to $482 billion in the first three quarters, while supply grew just 0.4%”
After news like this breaks, I ask three questions about the money:
1. Which way is aggressive buying and selling leaning?
2. Can trading volume for $BTC ($1.422 billion over 24 hours) continue to grow?
3. Are there any large transfers off exchanges on-chain?
Only when all three point in the same direction has the news been validated by the flow of funds; otherwise, it’s probably just noise.
Sometimes the market prices things in early, so the news ends up being a sell-the-news event.
“Allium: Stablecoin payment volume rose 45% to $482 billion in the first three quarters, while supply grew just 0.4%”
After news like this breaks, I ask three questions about the money:
1. Which way is aggressive buying and selling leaning?
2. Can trading volume for $BTC ($1.422 billion over 24 hours) continue to grow?
3. Are there any large transfers off exchanges on-chain?
Only when all three point in the same direction has the news been validated by the flow of funds; otherwise, it’s probably just noise.
Sometimes the market prices things in early, so the news ends up being a sell-the-news event.