Capital flows are worth watching:
“Cypherpunk pioneer Adam Back: Bitcoin will reach $1 million in 2028”
After this news came out, I’d ask three questions about the money:
1. Are large orders skewed more toward buying or selling?
2. Can trading volume of $BTC ($1.129 billion over 24 hours) continue to grow?
3. Have there been any unusual transfers to trading platforms on-chain?
Only if all three point in the same direction can this news be considered validated by the money; otherwise, it’s probably just noise.
A single news item can’t determine the trend, but it can affect the pace.
#BTC
The data comes from public sources. Please verify it yourself.
“Cypherpunk pioneer Adam Back: Bitcoin will reach $1 million in 2028”
After this news came out, I’d ask three questions about the money:
1. Are large orders skewed more toward buying or selling?
2. Can trading volume of $BTC ($1.129 billion over 24 hours) continue to grow?
3. Have there been any unusual transfers to trading platforms on-chain?
Only if all three point in the same direction can this news be considered validated by the money; otherwise, it’s probably just noise.
A single news item can’t determine the trend, but it can affect the pace.
#BTC
The data comes from public sources. Please verify it yourself.
