Quick take on large-order flows:
“10x Research founder: Bitcoin could reach $90,000 by year-end; Ethereum may underperform Bitcoin”
After this news breaks, I’d ask three questions about fund flows:
1. Are active buyers or sellers in the majority?
2. Has trading in $BTC (24-hour volume: $986 million) increased noticeably?
3. Have there been any large transfers to trading platforms on-chain?
Only when all three point in the same direction can we say the market has validated this news; otherwise, it’s probably just noise.
A single news item is unlikely to change the trend, but it may amplify volatility.
This is purely my personal opinion and should not be taken as a basis for trading.
“10x Research founder: Bitcoin could reach $90,000 by year-end; Ethereum may underperform Bitcoin”
After this news breaks, I’d ask three questions about fund flows:
1. Are active buyers or sellers in the majority?
2. Has trading in $BTC (24-hour volume: $986 million) increased noticeably?
3. Have there been any large transfers to trading platforms on-chain?
Only when all three point in the same direction can we say the market has validated this news; otherwise, it’s probably just noise.
A single news item is unlikely to change the trend, but it may amplify volatility.
This is purely my personal opinion and should not be taken as a basis for trading.
