Is big money moving in?
“BTCS sells ETH below cost to keep its Aave loan healthy; the theoretical liquidation price is around $1,717.”
After the news came out, I only asked three money-related questions:
1. Which way are active buyers and sellers leaning?
2. Can trading volume for $ETH ($768 million in 24h) keep growing?
3. Are large amounts of funds being transferred to exchanges on-chain?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just market sentiment fluctuating.
Watch trading volume more closely, and don’t just take people at their word—you’ll avoid a lot of pitfalls.
#ETH
“BTCS sells ETH below cost to keep its Aave loan healthy; the theoretical liquidation price is around $1,717.”
After the news came out, I only asked three money-related questions:
1. Which way are active buyers and sellers leaning?
2. Can trading volume for $ETH ($768 million in 24h) keep growing?
3. Are large amounts of funds being transferred to exchanges on-chain?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just market sentiment fluctuating.
Watch trading volume more closely, and don’t just take people at their word—you’ll avoid a lot of pitfalls.
#ETH