$IREN Update Price is actively pressuring the $63.59 macro inflection point. While the broader crypto market stalls, $IREN continues to absorb heavy institutional order flow. The fundamental catalyst is driving the bid: the pivot to data infrastructure and that massive $3.4 billion AI cloud contract with $NVDA. The reaction at this supply node dictates the next phase: • Acceptance above $63.59: Completely dismantles the macro downtrend. This opens the path for direct expansion, immediately targeting the $70 threshold ($NVDA's strategic option level). • Rejection: A red market here is strictly an opportunity. Price will sweep for lower liquidity to establish a robust higher low before the next breakout attempt.