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The largest single-day inflow of XRP ETF this year was $25.8 million, someone told me it's about to take off. I checked: the ETF was listed in November, institutional holding average price is $1.44, current price is $1.38— even institutions are underwater.
Last July's high was $3.65, now it's $1.38, down 62%. During the same period, whales sold over $6 billion.
ETFs are an upgraded version of bagholders. The record inflow day was the whales' easiest exit window, not your breakout signal. #Gate广场五月交易分享 $XRP $BTC $ETH