20.09.2025 06:35
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Immutable's [IMX] price experienced a significant surge, climbing 17.1% to reach an eight-month peak of $0.97 before subsequently retracting to $0.87 at the time of this analysis. This impressive rally was fueled by a confluence of factors, including heightened buyer activity and amplified market confidence, according to insights garnered from internet sources. Accompanying this price increase, the altcoin witnessed an 87% surge in trading volume, reaching $288 million, and its market capitalization concurrently achieved an eight-month high, hitting $1.85 billion, demonstrably highlighting a steady influx of capital.
The driving force behind this upward trajectory can be primarily attributed to substantial buyer accumulation. Following a period where sellers held sway, buyers re-entered the market with renewed vigor, pushing out the sellers. Data sourced from Coinalyze revealed a substantial disparity in trading volume, with Immutable recording $16.66 million in buy volume as opposed to $15.77 million in sell volume at the time of reporting. This imbalance translated into a positive Buy Sell Delta of 895,000, signaling considerable spot aggressive accumulation.
Further corroborating this accumulation trend, exchange activities mirrored the bullish sentiment. CoinGlass data revealed that Immutable had registered negative Spot Netflow for seven consecutive days. At the point of this writing, the Netflow stood at -$1.36 million, implying a greater outflow than inflow, a clear indication of accumulation by market participants. Such trends frequently point to robust bullish momentum within the market and typically precede upward pressure on the price.
Interestingly, while retail investors were actively participating in the spot market, whales were also making strategic moves within the Futures market. Analysis of CryptoQuant's Futures Average Order Size data revealed a dominance by large order whales in the Futures market. This dominance suggests an amplified participation in either short or long positions in the futures, potentially reflecting a strategic outlook from major players in the market.
The surging price and underlying bullish activity, however, warrant caution. Technical indicators such as the Stochastic RSI and RSI have reached extreme levels, suggesting overbought conditions. This can potentially foreshadow heightened volatility and a possible retracement in the near future.
