The movement of funds is reflected, to some extent, in trading:
“Caixin: Binance hack incident could create an opportunity for DEXs; ‘absorbing the spillover’ could drive a short-term surge in trading volume and total value locked.”
After the news broke, I had just three questions about the money:
1. Are aggressive buyers or sellers in control?
2. Can trading volume at $BNB ($196 million over 24 hours) keep growing?
3. Are there any large transfers out of trading platforms on-chain?
Only if all three point in the same direction can we say the news is being validated by the flow of funds; otherwise, it’s mostly just a bout of sentiment-driven volatility.
Use the news as a reference, but stick to your own trading plan.
#BNB
“Caixin: Binance hack incident could create an opportunity for DEXs; ‘absorbing the spillover’ could drive a short-term surge in trading volume and total value locked.”
After the news broke, I had just three questions about the money:
1. Are aggressive buyers or sellers in control?
2. Can trading volume at $BNB ($196 million over 24 hours) keep growing?
3. Are there any large transfers out of trading platforms on-chain?
Only if all three point in the same direction can we say the news is being validated by the flow of funds; otherwise, it’s mostly just a bout of sentiment-driven volatility.
Use the news as a reference, but stick to your own trading plan.
#BNB