Follow the money:
“A whale closed 3,000 ETH long positions, making a profit of about $939,500.”
After the news broke, I asked only three questions about the money:
1. Are large orders betting on prices going up or down?
2. Can trading volume of $ETH ($696 million over 24 hours) continue to grow?
3. Have any large holders made unusual transfers to trading platforms?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s mostly just a sentiment-driven disturbance.
The impact of news usually shows up first in sentiment; the money flows are what determine the direction.
“A whale closed 3,000 ETH long positions, making a profit of about $939,500.”
After the news broke, I asked only three questions about the money:
1. Are large orders betting on prices going up or down?
2. Can trading volume of $ETH ($696 million over 24 hours) continue to grow?
3. Have any large holders made unusual transfers to trading platforms?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s mostly just a sentiment-driven disturbance.
The impact of news usually shows up first in sentiment; the money flows are what determine the direction.
