From a capital-flow perspective:
「Exchange Options Daily: BTC open interest notional at $32.021 billion (down 3.1%), DVOL at 37.9, ETH open interest notional…」
After the news came out, I asked just three questions about capital flows:
1. Which way are large orders leaning?
2. Can trading volume of $BTC ($1.169 billion over 24 hours) increase significantly?
3. Have any large amounts been transferred on-chain to trading platforms?
Only when all three point in the same direction does this news really carry weight; otherwise, it’s probably just a sentiment-driven fluctuation.
Different people interpret the same news very differently depending on their time horizon.
「Exchange Options Daily: BTC open interest notional at $32.021 billion (down 3.1%), DVOL at 37.9, ETH open interest notional…」
After the news came out, I asked just three questions about capital flows:
1. Which way are large orders leaning?
2. Can trading volume of $BTC ($1.169 billion over 24 hours) increase significantly?
3. Have any large amounts been transferred on-chain to trading platforms?
Only when all three point in the same direction does this news really carry weight; otherwise, it’s probably just a sentiment-driven fluctuation.
Different people interpret the same news very differently depending on their time horizon.