Follow the money, not the talk:
“Data: 63,731 ETH bought cumulatively; whales/institutions sold 1,847.3 BTC over 11 days and converted it into 153 million USDC.”
When news like this breaks, I ask three questions about the money:
1. Is aggressive buying or selling dominating?
2. Is trading volume for $ETH (24h: $844 million) continuing to grow?
3. Are large holders making unusual transfers to exchanges?
Only when all three point in the same direction has the news been validated by the money; otherwise, it’s probably just a passing fad.
The market’s reaction to the news matters far more than the news itself.
#ETH
“Data: 63,731 ETH bought cumulatively; whales/institutions sold 1,847.3 BTC over 11 days and converted it into 153 million USDC.”
When news like this breaks, I ask three questions about the money:
1. Is aggressive buying or selling dominating?
2. Is trading volume for $ETH (24h: $844 million) continuing to grow?
3. Are large holders making unusual transfers to exchanges?
Only when all three point in the same direction has the news been validated by the money; otherwise, it’s probably just a passing fad.
The market’s reaction to the news matters far more than the news itself.
#ETH