# Binance XRP CVD Shows Sellers Led Trading as ETF Flows Pause By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/53657 Published: 2026-11-11T06:53:26.000Z Updated: 2026-11-11T06:53:26.000Z Section: Investing > The exchange’s CVD was about negative 4.33 million XRP on Nov. 9. XRP exchange-traded funds recorded a net outflow Nov. 2, followed by zero net flows Nov. 3-6. Binance’s XRP cumulative volume delta (CVD) was about negative 4.33 million XRP on Nov. 9, indicating sellers led market-initiated trading on the exchange in the measured period. CVD tracks the difference between volume initiated by buyers and sellers. A negative reading means sell-initiated volume outweighed buy-initiated volume within the measure. It does not show that an equivalent amount of cash left XRP markets. XRP exchange-traded funds had about $530,000 in net outflows Nov. 2. They then recorded zero net flows each day from Nov. 3-6, a four-day stretch without net inflows or outflows. The [nearly $2 billion shift in estimated spot and Binance perpetual CVD readings from Sept. 23 to Oct. 16]() coincided with falling futures open interest on Binance and Bybit. That change compares readings across separate markets: the spot CVD measure uses a 90-day window, while Binance perpetual CVD tracks derivatives. It does not measure net selling only between those dates or represent a single cash balance. ## Links in this article - [nearly $2 billion shift in estimated spot and Binance perpetual CVD readings from Sept. 23 to Oct. 16](https://www.tokenpost.com/news/investing/34365)