Immutable – Why IMX’s price rally faces risks despite 105% volume surge

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IMX price surged 13% over the past day, supported by trading volume rising 105% to $30 million. Asian exchanges HTX, Binance, and Upbit account for over 30% of total volume, with HTX and Upbit alone representing 19.66% of volume. The Open Interest-weighted Funding Rate is positive at 0.0040%, indicating bullish positioning among investors. However, spot selling reached $364,000 and long position liquidations ($31,000) exceeded short position liquidations ($21,000), which constitutes a warning signal for the continuation of the bullish trend.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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