💥 Too Many Shorts Could Fuel The Next Move 👀
Funding on $IRYS is getting heavily negative again. 📉
📊 According to the chart
• Funding Rate has dropped to -0.045%
• Open Interest continues to rise
• Short position concentration is at its highest level in recent days
• Price is still holding a strong support zone
That usually signals one thing:
The market is becoming overcrowded with shorts.
And in crypto,
crowded positioning can flip violently fast. ⚡
If buyers step back in,
late shorts could become fuel for a sharp squeeze move. 🚀
Especially the combination of rising Open Interest + negative funding,
which strengthens the possibility of a potential short squeeze scenario. 👀
This setup is starting to look very interesting now. 👀🔥