FOMO check: Everyone says "IREN bottomed." The stock is +16% today, but anyone who bought the peak is still −72%.
→ Since the peak it's bounced +10% in a single day 19 times — and every one of those closes was above today's $20.98
→ Biggest flow of the day: ~$1.8M in 2027 calls, ~$1.55M on the sell side
→ Last hour: ~$588k of buying in 2027 puts
I think a one-day spike isn't proof of a bottom — it's hope of a turn. Worst case: if yesterday's $17.16 low breaks, this bounce gets wiped like the ones before it — that low is noted.
Watching: $IREN $SPY $QQQ
#AI #Bitcoin #Stocks
→ Since the peak it's bounced +10% in a single day 19 times — and every one of those closes was above today's $20.98
→ Biggest flow of the day: ~$1.8M in 2027 calls, ~$1.55M on the sell side
→ Last hour: ~$588k of buying in 2027 puts
I think a one-day spike isn't proof of a bottom — it's hope of a turn. Worst case: if yesterday's $17.16 low breaks, this bounce gets wiped like the ones before it — that low is noted.
Watching: $IREN $SPY $QQQ
#AI #Bitcoin #Stocks
