$XRP More than $300 billion from a Montreal bank portfolio application has been uncovered, and XRP is only at $2,970. This bit of information doesn’t match a headline about an institutional entrance.
The price is down slightly; in the past six hours, positions are still being added. Some people are using this filing as a test trade, but the funding rate is negative. Anyone chasing it won’t even pay for overnight fees.
My take: this looks more like a narrative-driven market, not incremental capital. The conditions to falsify this are simple: if OI keeps piling up while the price doesn’t move, then it’s purely emotion.
#CryptoNews
The price is down slightly; in the past six hours, positions are still being added. Some people are using this filing as a test trade, but the funding rate is negative. Anyone chasing it won’t even pay for overnight fees.
My take: this looks more like a narrative-driven market, not incremental capital. The conditions to falsify this are simple: if OI keeps piling up while the price doesn’t move, then it’s purely emotion.
#CryptoNews