Is smart money making a move?
“Hyperliquid’s third-largest ETH long is down about $9.49 million on paper, but still holds a position worth over $97 million.”
After seeing this news, I only ask three questions about the money:
1. Is aggressive trading skewed toward buying or selling?
2. Is volume for $ETH ($329 million over 24 hours) continuing to grow?
3. Are any large holders making unusual transfers to exchanges?
Only when all three point in the same direction can the news be said to have been validated by the money; otherwise, it’s probably just a mood swing.
There’s not much room for the market to react to something it already knows.
#ETH
“Hyperliquid’s third-largest ETH long is down about $9.49 million on paper, but still holds a position worth over $97 million.”
After seeing this news, I only ask three questions about the money:
1. Is aggressive trading skewed toward buying or selling?
2. Is volume for $ETH ($329 million over 24 hours) continuing to grow?
3. Are any large holders making unusual transfers to exchanges?
Only when all three point in the same direction can the news be said to have been validated by the money; otherwise, it’s probably just a mood swing.
There’s not much room for the market to react to something it already knows.
#ETH