From a positioning perspective:
“ZachXBT: Gamblers are still providing exit liquidity for Ansem”
When news breaks, I ask three questions related to money:
1. Are large orders skewed more toward buying or selling?
2. Is trading volume for $BTC (24h: $967 million) continuing to grow?
3. Are large holders making unusual transfers to exchanges?
Only when all three point in the same direction can we say the news is being validated by the money; otherwise, it’s probably mostly noise.
The headline is just the starting point. The market’s reaction is the answer.
“ZachXBT: Gamblers are still providing exit liquidity for Ansem”
When news breaks, I ask three questions related to money:
1. Are large orders skewed more toward buying or selling?
2. Is trading volume for $BTC (24h: $967 million) continuing to grow?
3. Are large holders making unusual transfers to exchanges?
Only when all three point in the same direction can we say the news is being validated by the money; otherwise, it’s probably mostly noise.
The headline is just the starting point. The market’s reaction is the answer.