Where is the money flowing? Here are the clues:
“France’s Fortuneo Bank may have been hit by a cross-border transfer attack, with $133 million flowing to cryptocurrency exchanges.”
When news like this breaks, I ask three questions about the money:
1. Are buyers or sellers more aggressive?
2. Can trading volume for $ETH ($452 million in 24h) increase significantly?
3. Are there any large on-chain transfers into trading platforms?
Only when all three point in the same direction has the news been validated by the money; otherwise, it’s mostly sentiment-driven volatility.
When news breaks, assess the risks you’re holding before talking about opportunities.
@Binance BiBi
#ETH
“France’s Fortuneo Bank may have been hit by a cross-border transfer attack, with $133 million flowing to cryptocurrency exchanges.”
When news like this breaks, I ask three questions about the money:
1. Are buyers or sellers more aggressive?
2. Can trading volume for $ETH ($452 million in 24h) increase significantly?
3. Are there any large on-chain transfers into trading platforms?
Only when all three point in the same direction has the news been validated by the money; otherwise, it’s mostly sentiment-driven volatility.
When news breaks, assess the risks you’re holding before talking about opportunities.
@Binance BiBi
#ETH
