Capital flows are worth watching:
“The U.S. Dollar Index is down 0.45% today, at 101.8”
After the news came out, I asked just three money-related questions:
1. Are large orders skewed toward buying or selling?
2. Has trading volume for $BTC (24h: $1.25 billion) increased noticeably?
3. Have major holders been making unusual transfers off trading platforms?
Only when all three point in the same direction can we say the news has been validated by capital flows; otherwise, it’s probably just noise.
News the market has already priced in is unlikely to gain much further momentum.
#BTC
“The U.S. Dollar Index is down 0.45% today, at 101.8”
After the news came out, I asked just three money-related questions:
1. Are large orders skewed toward buying or selling?
2. Has trading volume for $BTC (24h: $1.25 billion) increased noticeably?
3. Have major holders been making unusual transfers off trading platforms?
Only when all three point in the same direction can we say the news has been validated by capital flows; otherwise, it’s probably just noise.
News the market has already priced in is unlikely to gain much further momentum.
#BTC
