The moves of big money are often reflected in trading activity:
“A Canadian crypto entrepreneur’s home has been attacked multiple times; police arrest seven suspects.”
When news like this breaks, I ask three questions related to money:
1. Which way are large orders leaning?
2. Has trading volume for $BTC (24h: $968 million) increased noticeably?
3. Are large holders making unusual withdrawals from exchanges?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s mostly a sentiment swing.
The price action after the news breaks is more worth watching than the news itself.
“A Canadian crypto entrepreneur’s home has been attacked multiple times; police arrest seven suspects.”
When news like this breaks, I ask three questions related to money:
1. Which way are large orders leaning?
2. Has trading volume for $BTC (24h: $968 million) increased noticeably?
3. Are large holders making unusual withdrawals from exchanges?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s mostly a sentiment swing.
The price action after the news breaks is more worth watching than the news itself.