XRP價格難題：UPBIT流入與韓國全球流出

儘管韓國交換上升的XRP大量流入，但全球價格仍然停滯不前。是“韓國與世界”嗎？

XRP Price Puzzle: Upbit Inflows vs. Global Outflows in South Korea

XRP價格難題：UPBIT流入與韓國全球流出

XRP's price action is a head-scratcher! South Korea's Upbit exchange is seeing massive inflows, but the global price isn't budging. What gives?

XRP的價格動作是頭部抓手！韓國的Upbit Exchange看到了大量流入，但全球價格並沒有發動。什麼給？

Upbit's XRP Surge: A Local Phenomenon

Upbit的XRP激增：當地現象

Upbit, South Korea's leading crypto exchange, has been buzzing with XRP activity. On July 7, 2025, a staggering $1.94 billion in XRP trading volume was recorded in just one hour. Plus, a net inflow of $1.58 billion. These numbers are huge compared to giants like Binance. But, the XRP price barely flinched. Why?

韓國領先的加密交易所Upbit一直在XRP活動中嗡嗡作響。 2025年7月7日，僅在一小時內就記錄了驚人的19.4億美元XRP交易量。另外，淨流入為15.8億美元。這些數字與Binance等巨人相比很大。但是，XRP價格幾乎沒有退縮。為什麼？

The 'Korea vs. the World' Dynamic

“韓國與世界”的動態

Market commentator Chad Steingraber nailed it: it's 'Korea vs. the World' right now. While Upbit is seeing inflows, other major exchanges like Binance, Bybit, and Coinbase are experiencing significant XRP outflows. This global sell-off is counteracting the buying pressure in South Korea, keeping the overall price in check. As Steingraber pointed out, Upbit is essentially holding the price up while the rest of the world sees net outflows. Think of it as a tug-of-war, and right now, the rope isn't moving much.

市場評論員Chad Steingraber將其釘牢：現在是“韓國與世界”。儘管Upbit正在看到流入，但其他主要交易所，例如Binance，Bybit和Coinbase也經歷了XRP大量流出。這種全球拋售正在抵消韓國的購買壓力，以控制總價格。正如Steingraber所指出的那樣，Upbit從本質上提高了價格，而世界其他地區則看到淨流出。將其視為拖船的戰線，現在，繩索的移動並不多。

Deposits vs. Actual Buying Pressure

存款與實際購買壓力

It's important to remember that deposits don't automatically translate to buying. Some inflows could be dormant capital or internal transfers. Without widespread global demand, even massive inflows like Upbit's can't single-handedly move the price needle. It needs synchronized global participation for a real surge.

重要的是要記住，存款不會自動轉化為購買。一些流入可能是休眠的資本或內部轉移。沒有廣泛的全球需求，即使像Upbit這樣的大量流入也無法單槍匹馬地移動價格針頭。它需要同步的全球參與才能真正激增。

South Korea's Growing Crypto Tax Clarity

韓國日益增長的加密稅收清晰度

South Korea is also stepping up its game when it comes to crypto tax regulations. The Ministry of Economy and Finance (MOEF) issued guidance on taxing virtual assets earned as validator rewards. Companies now have to report these assets based on their market value at the time of receipt. This clarity is great for businesses operating in the crypto space, ensuring fair taxation and transparency.

在加密稅法方面，韓國也正在加強遊戲。經濟和金融部（MOEF）發布了有關將虛擬資產徵稅作為驗證者獎勵的指南。現在，公司必鬚根據收到時的市場價值報告這些資產。這種清晰度非常適合在加密貨幣領域運營的企業，以確保公平的稅收和透明度。

The Bullish Counterpoint (from earlier in the year)

看漲對立面（從今年早些時候）

Interestingly, back in May 2024, XRP showed bullish signs, breaking out of negative trends and hitting a 7-week high. Whales were accumulating, and technical indicators suggested increasing bullish momentum. However, this momentum was short-lived, and the current situation highlights the complexities of the XRP market, where localized surges can be offset by global trends.

有趣的是，早在2024年5月，XRP表現出了看漲的跡象，擺脫了負面趨勢，並達到了7週的高度。鯨魚正在積累，技術指標表明看漲勢頭。但是，這種勢頭是短暫的，目前的狀況突出了XRP市場的複雜性，在該市場可以被全球趨勢所抵消。

Final Thoughts: Patience is a Virtue

最終想法：耐心是一種美德

So, what's the takeaway? The XRP price is a complex beast, influenced by regional trends and global market forces. While South Korea's Upbit is showing strong interest, it's not enough to overcome broader outflows. Keep an eye on global netflows and synchronized market participation. And remember, in the world of crypto, patience is key! Who knows what tomorrow might bring? Maybe the rest of the world will catch the Upbit bug!

那麼，收穫是什麼？ XRP價格是一種複雜的野獸，受區域趨勢和全球市場力量的影響。雖然韓國的Upbit表現出強烈的興趣，但這還不足以克服更廣泛的流出。密切關注全球Netflows和同步市場參與。請記住，在加密世界中，耐心是關鍵！誰知道明天會帶來什麼？也許世界其他地方會抓住Upbit Bug！