IRS Form 1099-DA News Triggers FORM Trading Activity
Four (FORM)
Editor:
Eugene Serbin
cryptocurrency.com.tr reported that the IRS has learned what you sold but never what you paid in relation to Form 1099-DA. The outlet promoted a free live training event at https://events.altcoinpro.com and invited readers to put XRP to work at https://join.altcoinpro.com/deb9d8fc. Additionally, tickets for the Altcoin Pro Summit LIVE on October 2-4 are available at https://join.altcoinpro.com/7addf86b. The publication also noted that users can get crypto news and market alerts straight to their device for free with no sign-up required.
How the market reacted
Whalio's own Binance spot order flow for FORM, measured when this story was written up on 20 September 2026. Not the outlet's figures.
FORM is trading at $0.2634 with a 1-hour buy ratio of 66.2%, indicating strong short-term buying pressure compared to the 24-hour ratio of 42.4%. This suggests that buying momentum is currently building in the immediate term. The 1-hour volume delta is positive at +$7,542, showing net inflows, whereas the 4-hour delta is negative at -$23,365, indicating recent selling pressure has outweighed buying over a slightly longer window. The 24-hour volume delta is -$109,762, and the Cumulative Volume Delta (CVD) at the 24-hour close is -$89,532, meaning sellers have dominated the day's total volume. The buy ratio represents the percentage of volume executed by buyers, while the volume delta measures the net difference between buy and sell volume.
The latest daily buy ratio of 51.2% sits at the 74th percentile of the last 322 days, against a median of 49.0% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for FORM, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 50.3%, making today's 24-hour ratio of 42.4% notably lower by 7.9 points. Spot volume for the day was $729,339, which is only 0.64x the weekly average, indicating significantly reduced trading activity. While the price rose +2.7% over eight days, the period saw net selling with a total volume delta of -$113,521. Net buying occurred on only 2 of the 7 days, suggesting that this is an unusual day characterized by lower volume and weaker buying ratios compared to the weekly norm.