Is a single whale's position worth paying attention to?
0x7160…d47c opened a $1.06 million long position, $SOL (Hyperliquid, 106.0393).
When looking at whale data, keep three things in mind: whether it's a new position or a closing position, how large the amount is relative to market trading volume, and whether there are subsequent trades in the same direction. A single trade is a clue, not a conclusion.
@Binance BiBi
0x7160…d47c opened a $1.06 million long position, $SOL (Hyperliquid, 106.0393).
When looking at whale data, keep three things in mind: whether it's a new position or a closing position, how large the amount is relative to market trading volume, and whether there are subsequent trades in the same direction. A single trade is a clue, not a conclusion.
@Binance BiBi