No hype, no bias—I was just looking through the derivatives data and noticed $IRYS : open interest is up 5.12% over the past hour, now at $11.56 million.
But the price is falling (-9.33%), which suggests new shorts are entering. In situations like this, I pay more attention to the possibility of a short squeeze once too many shorts pile in.
Which side are you on?
#IRYS
But the price is falling (-9.33%), which suggests new shorts are entering. In situations like this, I pay more attention to the possibility of a short squeeze once too many shorts pile in.
Which side are you on?
#IRYS