đ Money is voting with its feet:
âExchange block trade: BTC bull call spread, 100 contracts, $8.3512 million notionalâ
After news like this breaks, I ask three questions related to money:
1. Which way are the big trades leaning?
2. Has trading volume at $BTC ($1.11 billion over 24h) increased noticeably?
3. Have large holders been making unusually large transfers to trading platforms?
Only when all three point in the same direction has the news been validated by the money; otherwise, itâs probably just a passing gust.
A single news item is unlikely to change the trend, but it may amplify volatility.
#BTC
âExchange block trade: BTC bull call spread, 100 contracts, $8.3512 million notionalâ
After news like this breaks, I ask three questions related to money:
1. Which way are the big trades leaning?
2. Has trading volume at $BTC ($1.11 billion over 24h) increased noticeably?
3. Have large holders been making unusually large transfers to trading platforms?
Only when all three point in the same direction has the news been validated by the money; otherwise, itâs probably just a passing gust.
A single news item is unlikely to change the trend, but it may amplify volatility.
#BTC