Crypto crowding — 31 May 2026
Where leverage was most piled into longs (crowded, and historically prone to lag) versus the calm, least-crowded coins — from the score we saved that day, before the outcome was known.
Most crowded todaylongs piled in — historically lag the pack
1XMRIOX 07d funding +0.009%crowded longs→2KSMIOX 27d funding +0.008%crowded longs→3EGLDIOX 47d funding +0.008%crowded longs→4DOGEIOX 77d funding +0.007%crowded longs→5IOTAIOX 97d funding +0.007%crowded longs→Least crowded todaythe calm, clean side
1BCHIOX 1007d funding -0.032%not crowded→2INJIOX 987d funding -0.030%not crowded→3ENJIOX 967d funding -0.015%not crowded→4COMPIOX 937d funding -0.014%not crowded→5TRXIOX 917d funding -0.007%not crowded→Most wound-up todaythe coiled springs — big funding either way; historically bigger moves, direction unknown
1BCHtension 1007d funding -0.032%shorts stretched→2INJtension 987d funding -0.030%shorts stretched→3ENJtension 967d funding -0.015%shorts stretched→4COMPtension 947d funding -0.014%shorts stretched→5XMRtension 917d funding +0.009%longs stretched→Tension is the size of 7-day funding with the sign ignored, ranked across all 47 coins scored this day. Coins this wound-up historically moved roughly 10% more than their own usual over the following days — tested on 2019→2026 history including delisted coins. Direction is a coin-flip: a short-loaded spring snapped up (a squeeze) about as often as down. Context, not part of the IOX score. How we validated this →
How to read this: IOX is a crowding rank from 0–100, not a price prediction and not a buy/sell signal. A low score means traders are piling into longs on that coin (the kind of crowded trade that has tended to lag); a high score means longs are not crowded. The edge is small and not yet proven — we are early in the live record (see the live track record for exactly how far along, and how the score is built). Scored 31 May 2026. Not investment advice.