From a capital-flow perspective:
“Near-term bids for BTC are deeper; buy orders on Binance perpetuals total $53.7135 million, $11.0346 million more than sell orders.”
When news like this comes out, I ask three money-related questions:
1. Which way are large orders leaning?
2. Is trading volume at $BTC (24h: $593 million) continuing to grow?
3. Are there any large on-chain transfers out of exchanges?
Only when all three point in the same direction can we say the market is validating the news with capital; otherwise, it’s probably just noise.
News with specific figures is worth paying more attention to than vague rumors.
#BTC
“Near-term bids for BTC are deeper; buy orders on Binance perpetuals total $53.7135 million, $11.0346 million more than sell orders.”
When news like this comes out, I ask three money-related questions:
1. Which way are large orders leaning?
2. Is trading volume at $BTC (24h: $593 million) continuing to grow?
3. Are there any large on-chain transfers out of exchanges?
Only when all three point in the same direction can we say the market is validating the news with capital; otherwise, it’s probably just noise.
News with specific figures is worth paying more attention to than vague rumors.
#BTC
