$IQ
IQUSDT is trading at 0.001286 spot with futures printing 0.001277, a mild backwardation of -0.7% flagged as Bkwd with a Z-score of -1.8. Spot dollar flow leads decisively at 567.52K against just 11.37 in futures dollar terms, with spot volume at 441.31M tokens versus 8.84K futures — this is effectively a spot-only market. The futures discount is a minor structural negative but not a manipulation signal given the near-absent futures participation.
Signal count reads 19 green to 32 red across 112 — Strong BEAR at 46.09% edge with 2.71x confidence. EMA is fully aligned bearish at 0 to 10. C>T confirms at 40 to 8 bear-dominant. Ichimoku TK holds 3 to 10 against bulls. SS/DD stacks 1 to 8 in bear favor. Candle patterns are the one soft counter at 11 to 3 bull-leaning but pattern totals remain minimal at 1:0. Squeeze is building at 1 bar with BW at 35.71% Normal — compression is early, no breakout edge yet. Clarity sits at 46%.
Volume Z-scores are flat: Spot Z at -0.1 Steady, Futures Z -0.35 Steady, Combined -0.1 Steady. The SpotZ 1:5 differential is 0.28 Rising — a small but consistent uptick across two panels now, matching the Bitget read. Spot momentum is expanding at 194.4% Normal. Bull:Bear Z reads 0.08 to -0.7 Neutral — marginal bear flow dominance with no conviction surge.
Leverage is near zero at 0.00002x declining, Spot Dom confirmed. Percentile is pinned at 0% Bottom — leverage is as flushed as it gets. All-time max printed 0.0011x six bars ago. Current price sits at 1.9% Bottom of the historical range. Hi/Lo reference is 0.011004 to 0.001101 — price is testing the absolute floor of its range.
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