IRYS declined roughly

↘9%

over the past week while unique traders rose roughly

↗38%

over the past 24 hours.

Price and trading activity diverge

Selling pressure remained elevated with roughly 3 times more sellers than buyers over the past 24 hours, while trading volume declined roughly

↘14%

over the past week even as the number of active traders surged.

Short-term strength versus weekly weakness

IRYS outpaced Ethereum Ecosystem peers by roughly

↗2%

over the past day, though it trailed the category by roughly

↘7%

over the past week.

Trading contracts positioning

The current rate for trading contracts stands at 0.01%, reflecting an annualized rate of approximately 17%, while market-wide selling pressure remained elevated.

Recent price movement

Price rose roughly

↗2%

over the past hour while market-wide long liquidations totaled approximately $361M over the past 24 hours, reflecting elevated leverage across the broader market.