$GMX Capital flow watch:
GMX (derivatives) protocol revenue has doubled from its usual daily average of $141,000, reaching $283,000 in the past day.
When investors focused on capital flows see this kind of spike, they usually ask three questions:
1) Who paid the fees—did trading volume increase, or was it liquidations?
2) How long can it last?
3) Is there a mechanism for the revenue to flow back to GMX holders?
Until all three questions have clear answers, don’t treat the revenue as a reason to jump in.
#GMX
Just my personal opinion—take it with a grain of salt. This is not a recommendation.
GMX (derivatives) protocol revenue has doubled from its usual daily average of $141,000, reaching $283,000 in the past day.
When investors focused on capital flows see this kind of spike, they usually ask three questions:
1) Who paid the fees—did trading volume increase, or was it liquidations?
2) How long can it last?
3) Is there a mechanism for the revenue to flow back to GMX holders?
Until all three questions have clear answers, don’t treat the revenue as a reason to jump in.
#GMX
Just my personal opinion—take it with a grain of salt. This is not a recommendation.