Immutable (IMX) jumped 17.1% to $0.97, hitting an eight‑month high as concentrated buy‑side activity pushed spot and futures volumes higher.
Spot volume surged 87% to roughly $288 million and market capitalization climbed to about $1.85 billion, signaling renewed capital inflows and pronounced accumulation across retail and large holders.
Retail buyers staged a comeback after recent selling, tilting short‑term order flow toward buys. Coinalyze metrics show $16.66 million in buy volume versus $15.77 million in sell volume, producing a positive buy–sell delta near $895,000. Exchange flow data reinforce the accumulation picture: CoinGlass recorded seven consecutive days of negative spot netflow, consistent with withdrawals from exchanges and longer‑term holding behavior.
At the same time, whale activity increased on the futures side. Average order sizes and overall futures participation rose, with futures positioning data indicating more shorts than longs — a setup that can amplify moves if large positions are forced to unwind.
Momentum, however, is stretched: Stochastic RSI sits at 100 and the traditional RSI is around 80, pointing to overbought conditions and heightened retracement risk despite continued capital inflows.
Traders should weigh the accumulation backdrop against the technical overheating. Short‑term volatility is likely as whales add shorts while indicators flash overbought; disciplined risk management and watching spot/futures flows will be key for market participants in crypto, DeFi and broader blockchain markets.
Bottom line: Strong accumulation and exchange withdrawals meet stretched momentum and rising whale shorting — expect volatility and prioritize risk controls while monitoring spot and futures flows.
- Price move: +17.1% to $0.97 (eight‑month high)
- Spot volume: +87% to ≈ $288 million
- Market cap: ≈ $1.85 billion
- Buy vs Sell (Coinalyze): $16.66M buy vs $15.77M sell (buy–sell delta ≈ $895,000)
- Exchange flow (CoinGlass): 7 consecutive days of negative spot netflow
- Futures: larger average order sizes, higher participation, positioning skewed to shorts
- Momentum: Stochastic RSI = 100; RSI ≈ 80 (overbought)
