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$IRYS Fee rate +0.0050% Longs are bleeding, and just before that, a massive volume spike of 9.5M on the previous candle was enough to yank the price straight to 0.0304—up 3 points. As a result, the volume on the last candle was cut in half to 854K💸
Sis is watching the 15m chart and noticed something—those prior candles had a few rounds of alternating bullish and bearish sideways chop, grinding people down. Then suddenly one candle surged on volume, but right after that it immediately wilted. That’s a classic “dog庄” move: pump up on volume to hunt for the final wave of bag-holders. The key is that a positive fee rate means the “dog庄” pull-up still has to pay (out of their own pocket) a “make-up” protection fee back to the shorts—this round clearly can’t hold.
Sis is watching around 0.0305; on the next 15m candle, either it keeps putting volume behind the push for Sis to accept defeat, or it shrinks volume and breaks below 0.03, then #加密市场回升