👀 Smart money is watching this:
「An address withdrew 100 ETH from Tornado Cash, swapped it for 60.46 ZEC, and transferred it out」
After the news came out, I asked only three questions related to money:
1. Are large orders skewing more toward buying or selling?
2. Is trading volume for $ETH ($523 million in 24 hours) continuing to grow?
3. Are there any unusual on-chain transfers out of trading platforms?
Only when all three point in the same direction can the news be said to have been validated by the money; otherwise, it’s probably noise.
Don’t let the headline sway you—the answer lies in the details.
#ETH
「An address withdrew 100 ETH from Tornado Cash, swapped it for 60.46 ZEC, and transferred it out」
After the news came out, I asked only three questions related to money:
1. Are large orders skewing more toward buying or selling?
2. Is trading volume for $ETH ($523 million in 24 hours) continuing to grow?
3. Are there any unusual on-chain transfers out of trading platforms?
Only when all three point in the same direction can the news be said to have been validated by the money; otherwise, it’s probably noise.
Don’t let the headline sway you—the answer lies in the details.
#ETH