Let’s break down this project news from a capital-flow perspective: $BTC
HoneyB, a Bitcoin yield platform, has disclosed a $5 million seed round at a post-money valuation of $30 million.
After good news comes out, there are usually two kinds of money in the market: short-term money chasing the hype, and investors who got in early and are waiting to cash out. The market can sustain its upward momentum only when buying from short-term traders outweighs profit-taking.
Follow Lao Mao for more insights.
Just sharing some thoughts—make your own decisions about what to do.
HoneyB, a Bitcoin yield platform, has disclosed a $5 million seed round at a post-money valuation of $30 million.
After good news comes out, there are usually two kinds of money in the market: short-term money chasing the hype, and investors who got in early and are waiting to cash out. The market can sustain its upward momentum only when buying from short-term traders outweighs profit-taking.
Follow Lao Mao for more insights.
Just sharing some thoughts—make your own decisions about what to do.