The moves of large orders are often reflected in trading activity:
“[Name of exchange]: The platform is secure and operating completely normally. We are monitoring the current situation.”
After a message like this comes out, I ask three questions related to money:
1. Is aggressive buying or selling stronger?
2. Is trading volume at $BTC (24-hour volume: $1.799 billion) continuing to grow?
3. Are there any large transfers from the platform on-chain?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just a passing gust of wind.
News usually affects sentiment first; the direction still depends on the money flow.
#BTC
“[Name of exchange]: The platform is secure and operating completely normally. We are monitoring the current situation.”
After a message like this comes out, I ask three questions related to money:
1. Is aggressive buying or selling stronger?
2. Is trading volume at $BTC (24-hour volume: $1.799 billion) continuing to grow?
3. Are there any large transfers from the platform on-chain?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just a passing gust of wind.
News usually affects sentiment first; the direction still depends on the money flow.
#BTC
