$IRYS On-chain funds have been flowing out for a full year, leaving a heavy overhang of trapped holders. This short-term surge is just a normal rebound.
Funding rates have turned positive during this rally, and quite a few retail traders are chasing the price again. For a token this tightly controlled, the early candlestick chart shows it was once pumped to 0.075. At the current price of 0.2, feel free to short it—the market makers’ behavior is downright shameless.
Looking at current on-chain flows, there have been large outflows for the entire past year. The major players sold off their holdings long ago. Going long in the short term is basically just handing your coins over to the market makers 🤔🤔
#Irys #İRYS
Funding rates have turned positive during this rally, and quite a few retail traders are chasing the price again. For a token this tightly controlled, the early candlestick chart shows it was once pumped to 0.075. At the current price of 0.2, feel free to short it—the market makers’ behavior is downright shameless.
Looking at current on-chain flows, there have been large outflows for the entire past year. The major players sold off their holdings long ago. Going long in the short term is basically just handing your coins over to the market makers 🤔🤔
#Irys #İRYS