Where is the money flowing?
“After the PPI data was released, money markets lowered the odds of a 50 bp Fed rate hike in December.”
After the news comes out, I ask three questions about the money:
1. Are large orders skewed more toward buying or selling?
2. Has trading volume for $BTC (24h: $2.189 billion) increased noticeably?
3. Have there been any large on-chain transfers to exchanges?
Only when all three point in the same direction does the news really carry weight; otherwise, it’s mostly just a swing in sentiment.
The same news can be interpreted very differently by people with different time horizons.
#BTC
“After the PPI data was released, money markets lowered the odds of a 50 bp Fed rate hike in December.”
After the news comes out, I ask three questions about the money:
1. Are large orders skewed more toward buying or selling?
2. Has trading volume for $BTC (24h: $2.189 billion) increased noticeably?
3. Have there been any large on-chain transfers to exchanges?
Only when all three point in the same direction does the news really carry weight; otherwise, it’s mostly just a swing in sentiment.
The same news can be interpreted very differently by people with different time horizons.
#BTC
