Markets· ★★· neutral·

Immutable's IMX Jumps 13% on 105% Volume Surge, but Spot Selling Poses Risk

  • —IMX gained 13% in 24 hours as volume jumped 105% to $30 million
  • —HTX, Binance and Upbit account for over 30% of IMX volume
  • —OI-weighted funding rate stays positive at 0.0040%, favoring longs
  • —Spot netflow hit $364,000 outflow; longs lost $31,000 vs. $21,000 for shorts
Why it matters: Volume and funding support the rally, but spot selling and heavier long liquidations could cap further upside for IMX.
#IMX
Source: AMBCrypto
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