Big-Order Perspective:
“A whale may have sold 75.03 WBTC and KBTC, while sitting on $30.79 million in unrealized profits from an 80,000 ETH position.”
After this news came out, I only asked three questions related to money:
1. Are large orders skewed toward buying or selling?
2. Can trading volume for $WBTC (24-hour volume: $2.5 million) continue to grow?
3. Have any whales made large transfers out of exchanges?
Only when all three point in the same direction does this news carry real weight; otherwise, it’s mostly just market sentiment fluctuating.
Read the original source—secondhand reports can easily distort the facts.
#WBTC
Don’t take this as investment advice.
“A whale may have sold 75.03 WBTC and KBTC, while sitting on $30.79 million in unrealized profits from an 80,000 ETH position.”
After this news came out, I only asked three questions related to money:
1. Are large orders skewed toward buying or selling?
2. Can trading volume for $WBTC (24-hour volume: $2.5 million) continue to grow?
3. Have any whales made large transfers out of exchanges?
Only when all three point in the same direction does this news carry real weight; otherwise, it’s mostly just market sentiment fluctuating.
Read the original source—secondhand reports can easily distort the facts.
#WBTC
Don’t take this as investment advice.