🐳 Fund flows:
“Cumulative profits topped $512 million, and the short positions in two hedge accounts under Abraxas Capital fell to $572 million.”
After the news broke, I asked just three money-related questions:
1. Which way are the large orders leaning?
2. Has trading volume of $BTC (24h: $1.615 billion) increased noticeably?
3. Have there been any unusual transfers out of exchanges on-chain?
Only if all three point in the same direction can the news be said to have been validated by the money; otherwise, it’s probably just a passing gust.
A single news item can’t determine the overall direction, but it can affect short-term sentiment.
“Cumulative profits topped $512 million, and the short positions in two hedge accounts under Abraxas Capital fell to $572 million.”
After the news broke, I asked just three money-related questions:
1. Which way are the large orders leaning?
2. Has trading volume of $BTC (24h: $1.615 billion) increased noticeably?
3. Have there been any unusual transfers out of exchanges on-chain?
Only if all three point in the same direction can the news be said to have been validated by the money; otherwise, it’s probably just a passing gust.
A single news item can’t determine the overall direction, but it can affect short-term sentiment.