IRYS (IRYS) fluctuates 51.7% in 24 hours: Spot trading volume surges 225% and Binance futures open interest spikes drive speculative rebound
Bitget Pulse2026/05/13 16:02Volatility Overview
In the past 24 hours, the price of IRYS rebounded from a low of $0.04734 to a high of $0.07183, and is currently at $0.05078, showing a volatility amplitude of 51.7%. Trading volume has significantly expanded, with 24-hour spot trading volume surging 225% and multiple extreme inflows in futures open interest (OI) (Z-score reaching 4.97-5.4, OI growth of 6%-130%). The overall trading volume is about $51 million, 3-6 times above the average level.
Brief Analysis of the Surge Causes
• Spot trading volume soared: 24-hour spot trading volume spiked 225%, rapidly rising from the low of $0.0468 to $0.06576, driving intense price fluctuation.
• Binance futures open interest surged: Multiple records of extreme OI inflow (+6.35% to +130%), with trading volume expanding 3-5 times and a positive funding rate (0.059%). New long positions dominate, with low liquidity (OI notional value $1.7 million to $2.8 million) amplifying price swings.
No official announcements or on-chain whale large moves detected, mainly speculative rebound.
Market Sentiment and Outlook
Mainstream community sentiment is bullish, with frequent long signals on X (such as trendline breaks and position expansion). Traders view this as an "opportunistic rebound" with targets at $0.055-$0.066. However, widespread caution notes that low liquidity can trigger short squeezes and slippage risks, so it’s suggested to watch for support at $0.047-$0.051. Continued volatility is expected, with the need to be alert for a retracement to around $0.045.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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