$IRYS This 15m rally isn’t especially aggressive, but OI is genuinely building up. 1h +3%, with a notional increase of 532K; the anomaly percentile is already at 99.4%, ranking third across the entire pool. Rising prices alongside steadily increasing OI suggest new leveraged longs are entering, rather than shorts covering. 15m volume is 1.7x, and the net taker buy/sell difference is +4.9%—buyers are still pushing. But be careful at these levels: long leverage is approaching historically extreme territory. If the price stalls, a squeeze in the opposite direction could easily be triggered, so if you’re chasing the move, keep your stop tight.