🐳 Positioning trends:
“ETH has heavier near-term sell-side pressure. On Binance perpetuals, sell orders total $45.8303 million, $8.5241 million more than buy orders.”
When news comes out, I ask three questions related to money:
1. Are aggressive buyers or sellers in control?
2. Can trading volume for $ETH ($311 million over 24h) expand significantly?
3. Have any whales transferred large amounts onto exchanges?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just a passing gust.
Whether news is bullish or bearish, what matters is how the market absorbs it. Don’t just look at the headline.
#ETH
“ETH has heavier near-term sell-side pressure. On Binance perpetuals, sell orders total $45.8303 million, $8.5241 million more than buy orders.”
When news comes out, I ask three questions related to money:
1. Are aggressive buyers or sellers in control?
2. Can trading volume for $ETH ($311 million over 24h) expand significantly?
3. Have any whales transferred large amounts onto exchanges?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just a passing gust.
Whether news is bullish or bearish, what matters is how the market absorbs it. Don’t just look at the headline.
#ETH