$IRYS This move is pretty interesting: price is up just 1% over 15m, while OI keeps stacking higher period after period. It’s already +2.75% over 1h, with $429K in notional. New leveraged longs are coming in, but volume is only 0.74x, and the taker flow imbalance is still negative—so the rally doesn’t look all that convincing.
The anomaly percentile is 88.3%, ranked #13 across the entire pool, and it’s persisted for several consecutive periods. With this kind of setup, either someone is positioning early or they’re building fuel for what comes next. Nearly $100M in 24h trading volume means the pool isn’t too shallow, but I generally don’t chase the first leg of a rally when volume isn’t confirming it.
Keep an eye on OI. If the price goes flat while OI keeps rising, that’s when it’s really time to be careful.
The anomaly percentile is 88.3%, ranked #13 across the entire pool, and it’s persisted for several consecutive periods. With this kind of setup, either someone is positioning early or they’re building fuel for what comes next. Nearly $100M in 24h trading volume means the pool isn’t too shallow, but I generally don’t chase the first leg of a rally when volume isn’t confirming it.
Keep an eye on OI. If the price goes flat while OI keeps rising, that’s when it’s really time to be careful.
