Immutable (IMX) Drops 12% Amid Heavy Selling Pressure: Can Bulls Hold On?
Key Highlights Immutable ($IMX) tumbled 12%, breaking below the $0.12 mark to reach a low of $0.106 before staging a mild rebound. The selloff was primarily fueled by derivatives market risk-off behavior, evidenced by an 8.4% drop in Open Interest and a surge in perpetual contract selling volume on Binance. Spot market dynamics diverged as ...