$IRYS's short-term trend is quite interesting. If you look closely, you'll notice that this upward movement is mainly driven by the derivatives market. Whenever retail investors want to sell off for arbitrage, the buy orders in the spot market immediately absorb this pressure. Open interest is rising sharply. The underlying game theory behind this is quite worth pondering—derivatives longs are accumulating positions, while the spot market is simultaneously absorbing the sell pressure, forming a relatively stable support.