Where is the money flowing? Here are the clues:
「An exchange cancels its Monero withdrawal questionnaire; XMR remains listed」
After the news broke, I asked just three questions about the money:
1. Which way is the balance of aggressive buying and selling leaning?
2. Can trading volume for $XMR (24h: $81.3 million) increase significantly?
3. Are there any large on-chain transfers out of exchanges?
Only when all three point in the same direction can we say the news has been validated by the money; otherwise, it’s probably just noise.
Sometimes the market prices things in early, so when the news comes out, it can turn into a sell-the-news event.
#XMR
「An exchange cancels its Monero withdrawal questionnaire; XMR remains listed」
After the news broke, I asked just three questions about the money:
1. Which way is the balance of aggressive buying and selling leaning?
2. Can trading volume for $XMR (24h: $81.3 million) increase significantly?
3. Are there any large on-chain transfers out of exchanges?
Only when all three point in the same direction can we say the news has been validated by the money; otherwise, it’s probably just noise.
Sometimes the market prices things in early, so when the news comes out, it can turn into a sell-the-news event.
#XMR