Let's look at this ecosystem news from a capital-flow perspective: $BTC
PAPER perpetual futures recorded over $12.9 million in trading volume and $4.58 million in open interest within 11 hours of launch.
After good news breaks, there are often two kinds of money in the market: fast money that comes in on the news, and holders who positioned themselves early and are waiting to cash out. The market can sustain its rally only when short-term buying outweighs the latter.
PAPER perpetual futures recorded over $12.9 million in trading volume and $4.58 million in open interest within 11 hours of launch.
After good news breaks, there are often two kinds of money in the market: fast money that comes in on the news, and holders who positioned themselves early and are waiting to cash out. The market can sustain its rally only when short-term buying outweighs the latter.