Are funds moving fast?
“An address associated with Irish drug dealer Clifton Collins, dormant for over 10 years, transferred 500 BTC—worth approximately …—to Prime, an exchange…”
When news like this breaks, I ask three money-related questions:
1. Are active traders buying or selling?
2. Is trading volume for $BTC (24h: $1.081 billion) continuing to grow?
3. Are there any unusual on-chain transfers out of trading platforms?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just noise.
The more buzz a story gets, the more it’s worth waiting to see where the money goes.
#BTC
“An address associated with Irish drug dealer Clifton Collins, dormant for over 10 years, transferred 500 BTC—worth approximately …—to Prime, an exchange…”
When news like this breaks, I ask three money-related questions:
1. Are active traders buying or selling?
2. Is trading volume for $BTC (24h: $1.081 billion) continuing to grow?
3. Are there any unusual on-chain transfers out of trading platforms?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just noise.
The more buzz a story gets, the more it’s worth waiting to see where the money goes.
#BTC