Are big-money players making a move?
“Spent $18.877 million, 7 Siblings bought 9,766 ETH, bringing their total purchases this round to 20,558”
When news like this breaks, I ask three questions about the money:
1. Are large orders skewing more toward buying or selling?
2. Is trading volume at $ETH ($713 million over 24 hours) continuing to grow?
3. Are whales making large transfers off exchanges?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just a passing gust.
If the price has already priced it in, there’s limited room for a second reaction.
“Spent $18.877 million, 7 Siblings bought 9,766 ETH, bringing their total purchases this round to 20,558”
When news like this breaks, I ask three questions about the money:
1. Are large orders skewing more toward buying or selling?
2. Is trading volume at $ETH ($713 million over 24 hours) continuing to grow?
3. Are whales making large transfers off exchanges?
Only when all three point in the same direction does the news carry real weight; otherwise, it’s probably just a passing gust.
If the price has already priced it in, there’s limited room for a second reaction.
