A look at it from a market-positioning perspective: Prominent trader: BTC sell-offs were concentrated on one exchange, with aggression rarely seen before
When news breaks, two things often happen in the market at the same time:
Early entrants start taking profits
Traders who only came in after seeing the news start buying
Which side is stronger determines where the market goes. $BTC 24h Trading volume: $2.57 billion. Watch for any abnormal surge in turnover.
#BTC
This data is for reference only—don't take it as gospel.
When news breaks, two things often happen in the market at the same time:
Early entrants start taking profits
Traders who only came in after seeing the news start buying
Which side is stronger determines where the market goes. $BTC 24h Trading volume: $2.57 billion. Watch for any abnormal surge in turnover.
#BTC
This data is for reference only—don't take it as gospel.
