Note, the market has changed: $IRYS plunged 8.7% in 5 minutes, with the latest price at 0.0876, up 223.37% over 24 hours.
Sharp drops are often accompanied by concentrated liquidations of leveraged long positions. Once those positions are cleared out, there can sometimes be a short-term rebound.
Sharp drops are often accompanied by concentrated liquidations of leveraged long positions. Once those positions are cleared out, there can sometimes be a short-term rebound.