$IOST has been on a roller coaster these past two days: it was still at 0.00074 on Tuesday afternoon, then surged to 0.00179 last night—more than doubling. But from 4 to 8 this morning, a single 4-hour candle wiped out 40%, and it's now at 0.00089, basically half its peak. Positions fell from over $16 million to just over $10 million, funding rates turned negative, and shorts are piling in. Honestly, I don't understand this kind of rally, and I don't want to guess where the bottom is. I'll wait for it to move sideways for a few days before saying more.

Funding rates don't lie. If you found this useful, give it a like, and I'll give you a heads-up before the next flash crash (not investment advice).