Honestly, while checking the futures data today, I noticed $IRYS : open interest is up 9.67% over the past hour and now stands at $6.4 million.
But the price is falling (-9.23%), which looks like new short positions are piling in. At times like this, I pay closer attention to the risk of a short squeeze once the market gets too crowded with shorts.
What do you all think?
But the price is falling (-9.23%), which looks like new short positions are piling in. At times like this, I pay closer attention to the risk of a short squeeze once the market gets too crowded with shorts.
What do you all think?