People on the Square are discussing “U.S. crypto ETFs see $1.48 billion in net outflows over five days” (85K views).
The level of discussion itself is a measure of attention. I’m more interested in three details:
· Is the discussion largely in agreement, or are people arguing?
· Is the topic just taking off, or is it already all over the feed?
· Has trading volume for $BTC changed along with it?
When everyone is on the same side and the topic is all over the feed, sentiment is often nearing a peak; when people are still arguing and the discussion has just started, it tends to have more staying power.
$BTC is currently at 67414.89, down 2.57% over 24h. I’ll add it to my watchlist.
In a highly volatile market, manage risk first.
The level of discussion itself is a measure of attention. I’m more interested in three details:
· Is the discussion largely in agreement, or are people arguing?
· Is the topic just taking off, or is it already all over the feed?
· Has trading volume for $BTC changed along with it?
When everyone is on the same side and the topic is all over the feed, sentiment is often nearing a peak; when people are still arguing and the discussion has just started, it tends to have more staying power.
$BTC is currently at 67414.89, down 2.57% over 24h. I’ll add it to my watchlist.
In a highly volatile market, manage risk first.
