IRYS absolutely crushed the shorts today.
Spot price shot up to $0.32 in a single spike, gaining over 280% in 24 hours. Perpetual futures were even more insane: up 780% in just 4 hours, hitting $0.50. On October 23 alone, shorts were liquidated for $21.4 million—the short sellers were left with nothing.
But don’t rush into FOMO: after peaking, the price has already pulled back to around $0.09. Its market cap is $266 million, and the RSI has hit 96.8—deeply overbought. Anyone who held yesterday woke up to a much fatter account this morning; anyone who chased at $0.32 has already lost more than half.
This isn’t price discovery—it’s a meat grinder. #空头绞杀 #ShortSqueeze
Spot price shot up to $0.32 in a single spike, gaining over 280% in 24 hours. Perpetual futures were even more insane: up 780% in just 4 hours, hitting $0.50. On October 23 alone, shorts were liquidated for $21.4 million—the short sellers were left with nothing.
But don’t rush into FOMO: after peaking, the price has already pulled back to around $0.09. Its market cap is $266 million, and the RSI has hit 96.8—deeply overbought. Anyone who held yesterday woke up to a much fatter account this morning; anyone who chased at $0.32 has already lost more than half.
This isn’t price discovery—it’s a meat grinder. #空头绞杀 #ShortSqueeze