$IOST’s 75% move is not being funded by crowded longs. It is happening while the #Binance perp trades below its spot index and funding is near -0.10%, meaning shorts are paying to stay in.
Open interest is up about 235% in 24 hours, even after a 4.4% one-hour unwind. That is the real risk: fresh leverage entered much faster than price structure could mature.
With no fresh official catalyst verified, this looks more like a derivatives squeeze than a clean fundamental repricing.
Watch #OI , not just price. If price holds while OI falls, the move is being absorbed. If both fall together, the squeeze is unwinding.
Open interest is up about 235% in 24 hours, even after a 4.4% one-hour unwind. That is the real risk: fresh leverage entered much faster than price structure could mature.
With no fresh official catalyst verified, this looks more like a derivatives squeeze than a clean fundamental repricing.
Watch #OI , not just price. If price holds while OI falls, the move is being absorbed. If both fall together, the squeeze is unwinding.