Immutable (IMX) price jumps 13% backed by strong volume but spot selling and liquidations pose risks

Immutable (IMX) saw a 13% price increase supported by a 105% rise in trading volume, mainly driven by Asian exchanges HTX and Upbit. The positive Open Interest-weighted Funding Rate indicates bullish investor positioning with growing capital inflows. However, spot selling and higher liquidation of long positions than shorts present risks that could limit further gains. Investors remain cautious as the market sentiment stays neutral despite the rally.

Immutable (IMX) is trading at Rp3.224 on Pluang as of Oct 04, 2026 03:21 WIB, showing a 3.83% increase in the last day. Despite the news of a 13% price rise and a 105% volume surge, Pluang data reveals a more moderate price gain and a 24-hour trading volume of Rp511,09M. Notably, all Pluang order activity is currently sell orders, contrasting with the bullish investor positioning mentioned in the article, while the typical hold time on Pluang is 50 days, indicating cautious investor behavior.