Is big money on the move?
“A whale withdrew a cumulative 13,080 ETH from Binance over the past 6 days, worth approximately $29.21 million.”
After the news came out, I only asked three money-related questions:
1. Are large orders leaning more toward buying or selling?
2. Has trading volume for $ETH ($139 million over 24h) increased noticeably?
3. Have major holders made any large transfers off trading platforms?
Only if all three point in the same direction can this news be said to have been validated by the money; otherwise, it’s probably just a passing gust.
Don’t focus on a single news item—only the trend matters.
“A whale withdrew a cumulative 13,080 ETH from Binance over the past 6 days, worth approximately $29.21 million.”
After the news came out, I only asked three money-related questions:
1. Are large orders leaning more toward buying or selling?
2. Has trading volume for $ETH ($139 million over 24h) increased noticeably?
3. Have major holders made any large transfers off trading platforms?
Only if all three point in the same direction can this news be said to have been validated by the money; otherwise, it’s probably just a passing gust.
Don’t focus on a single news item—only the trend matters.
