Take a look at this: An address with a recent BTC win rate of around 98% has reduced its BTC long positions by approximately $6.66 million.
$BTC 80822.01, +4.73% in 24h, with 24h trading volume of 1.759 billion.
My first impression is that this doesn’t look good, but the impact depends on how heavy the selling pressure is afterward. To gauge the significance of a piece of news, I only compare trading activity before and after it’s released. Do you usually trade based on this kind of news?
#BTC
$BTC 80822.01, +4.73% in 24h, with 24h trading volume of 1.759 billion.
My first impression is that this doesn’t look good, but the impact depends on how heavy the selling pressure is afterward. To gauge the significance of a piece of news, I only compare trading activity before and after it’s released. Do you usually trade based on this kind of news?
#BTC
