Microsoft, Alphabet, Amazon, and others are reporting earnings this week, and a certain exchange has already launched related prediction markets.
The pattern around listing announcements has been reviewed many times, and generally has three stages:
① News breaks: attention surges, and the price chart often moves ahead of the news;
② Around launch: profit-taking is at its peak, and a spike followed by a pullback is common;
③ After trading opens: it comes down to supply and demand—whether trading volume holds is what matters.
$BTC is currently at 80111.91, down 0.62% over 24 hours, and is still in stage ①.
A launch brings liquidity, but also more selling pressure.
#BTC
The pattern around listing announcements has been reviewed many times, and generally has three stages:
① News breaks: attention surges, and the price chart often moves ahead of the news;
② Around launch: profit-taking is at its peak, and a spike followed by a pullback is common;
③ After trading opens: it comes down to supply and demand—whether trading volume holds is what matters.
$BTC is currently at 80111.91, down 0.62% over 24 hours, and is still in stage ①.
A launch brings liquidity, but also more selling pressure.
#BTC