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BITCOIN_
$IRYS ๐
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: 600% Rally, But Who's Really Winning?
IRYS has surged over 600%, creating a massive imbalance between profitable bulls and struggling bears.
Smart Money longs are sitting on $9.23M in unrealized profits, while shorts face $1.7M in losses.
But the real warning is funding at 2%. Holding longs has become extremely expensive, suggesting overheated bullish sentiment.
My view: Momentum remains strong, but the risk of a violent correction is rising.
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