🐳 Where is the money going?
「Data: BTC breaks above $82,000」
After the news came out, I had just three questions about the money flow:
1. Which way are large orders leaning?
2. Can trading volume of $BTC (24h: $609 million) keep growing?
3. Are whales making unusually large transfers to exchanges?
Only when all three point in the same direction can the news be considered validated by the money flow; otherwise, it’s probably just a flash in the pan.
The more often similar news appears, the smaller its actual impact.
#BTC
「Data: BTC breaks above $82,000」
After the news came out, I had just three questions about the money flow:
1. Which way are large orders leaning?
2. Can trading volume of $BTC (24h: $609 million) keep growing?
3. Are whales making unusually large transfers to exchanges?
Only when all three point in the same direction can the news be considered validated by the money flow; otherwise, it’s probably just a flash in the pan.
The more often similar news appears, the smaller its actual impact.
#BTC