đł Capital Flows Note:
âZachXBT accuses XRPL of paying only a $250,000 bounty to the white-hat hacker who discovered the âinfinite XRP supply vulnerabilityââ
When news like this breaks, I ask three questions about capital flows:
1. Are buyers or sellers more aggressive?
2. Can trading volume for $XRP (24h volume: $87.24 million) continue to grow?
3. Are whales making large transfers off exchanges?
If all three point in the same direction, then the market has validated the news with capital flows; otherwise, itâs probably just a sentiment swing.
News usually affects sentiment first. The direction still depends on capital flows.
#XRP
âZachXBT accuses XRPL of paying only a $250,000 bounty to the white-hat hacker who discovered the âinfinite XRP supply vulnerabilityââ
When news like this breaks, I ask three questions about capital flows:
1. Are buyers or sellers more aggressive?
2. Can trading volume for $XRP (24h volume: $87.24 million) continue to grow?
3. Are whales making large transfers off exchanges?
If all three point in the same direction, then the market has validated the news with capital flows; otherwise, itâs probably just a sentiment swing.
News usually affects sentiment first. The direction still depends on capital flows.
#XRP