$XVS Capital flow watch:
Venus (lending) protocol revenue jumped to 10.5 times its usual daily average of $6,407, reaching $68,000 on the most recent day.
When looking at this kind of data, people focused on capital flows usually ask three questions:
1) Where is the money coming from—higher trading volume or liquidations?
2) How many days can this last?
3) Is there a way for the revenue to flow back to XVS holders?
Until all three questions have clear answers, don’t treat the revenue as a reason to buy.
#XVS
Just chatting; this is not advice.
Venus (lending) protocol revenue jumped to 10.5 times its usual daily average of $6,407, reaching $68,000 on the most recent day.
When looking at this kind of data, people focused on capital flows usually ask three questions:
1) Where is the money coming from—higher trading volume or liquidations?
2) How many days can this last?
3) Is there a way for the revenue to flow back to XVS holders?
Until all three questions have clear answers, don’t treat the revenue as a reason to buy.
#XVS
Just chatting; this is not advice.
