Key Takeaways:
IOTA rose 14% on May 29 as whale accumulation and bullish perpetual futures positioning aligned to drive the token higher, with on-chain data confirming net buying across both spot and derivatives markets.
"The whale-versus-retail delta maintaining a positive reading of 0.341 signals ongoing net whale accumulation outpacing retail involvement," according to CoinGlass data. The metric has strengthened since May 22, reflecting sustained interest from large holders who control a disproportionate share of market liquidity.
Spot netflow data showed net buying reached approximately $232,000 over the past two days, with accumulation building steadily from that base. Open Interest on IOTA perpetual contracts surged 25% to $20.24 million, while the funding rate held at 0.0035%, indicating long positions dominate the market with room for further expansion before reaching elevated levels.
The convergence of whale accumulation, spot buying, and positive perp positioning gives bulls a near-term edge, though the liquidation heatmap shows liquidity clusters below current price that could exert downward pull over time. With the funding rate still mild at 0.0035%, the setup leaves meaningful headroom for the rally to extend before triggering a long squeeze reversal.
This article is for informational purposes only and does not constitute investment advice.
