Money votes with its feet:
“Data: An address withdrew approximately $2 million worth of ETH from an exchange within 1 hour, in 4 transactions.”
When the news breaks, I ask three questions about the money:
1. Are large orders net buying or net selling?
2. Has the trading volume for $ETH ($574 million in 24h) increased noticeably?
3. Are whales making unusual transfers out of trading platforms?
Only when all three point in the same direction has the news been validated by the money; otherwise, it’s probably just noise.
The hotter the news, the more important it is to see which side the money is on.
#ETH
“Data: An address withdrew approximately $2 million worth of ETH from an exchange within 1 hour, in 4 transactions.”
When the news breaks, I ask three questions about the money:
1. Are large orders net buying or net selling?
2. Has the trading volume for $ETH ($574 million in 24h) increased noticeably?
3. Are whales making unusual transfers out of trading platforms?
Only when all three point in the same direction has the news been validated by the money; otherwise, it’s probably just noise.
The hotter the news, the more important it is to see which side the money is on.
#ETH
