InfraredFinance (IR) fluctuates by 48.4% within 24 hours: trading volume surges more than 10x, triggering panic selling

Volatility Brief

In the past 24 hours, IR price rebounded from a low of $0.03497 to a high of $0.05188, currently at $0.04832, with a fluctuation range of 48.4%. Trading volume has surged significantly to around $2.56 to $3.9 million, a sharp increase compared to usual.

Brief Analysis of the Cause of Abnormal Movements

- Unusual surge in trading volume: Over 1,000% increase within 4 hours, with overall 24-hour volume reaching several million dollars, accompanied by a 5.6%-8.52% price pullback, possibly driven by panic selling or liquidations.

- No official announcements or reported on-chain whale large transfers; the volatility mainly originates from high-leverage activities in the derivatives market, such as Binance Futures OI dropping by 14.53%.

Market Opinions and Outlook

The community sentiment is divided. Dex voting shows 84% are bullish (Mcap $8.55 million), but analysts consider the current situation to be panic selling, recommending to wait for a support rebound confirmation at $0.0478-$0.0508; otherwise, the trend remains bearish. A breakout above $0.0522 may indicate a bullish reversal.