🐳 Where is the money going?
“Circle CEO: Stablecoin regulation may gradually become clearer; we’re not especially focused on Bitcoin’s short-term price.”
When news like this breaks, I ask three money-related questions:
1. Are buyers or sellers more aggressive?
2. Has trading volume for $BTC ($1.617 billion over 24h) increased significantly?
3. Are there any unusual outflows from exchanges on-chain?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s mostly just market sentiment.
Pay more attention to the data, not just the talking points—that can help you avoid a lot of pitfalls.
“Circle CEO: Stablecoin regulation may gradually become clearer; we’re not especially focused on Bitcoin’s short-term price.”
When news like this breaks, I ask three money-related questions:
1. Are buyers or sellers more aggressive?
2. Has trading volume for $BTC ($1.617 billion over 24h) increased significantly?
3. Are there any unusual outflows from exchanges on-chain?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s mostly just market sentiment.
Pay more attention to the data, not just the talking points—that can help you avoid a lot of pitfalls.