Iris Energy (IREN) shares of the crypto miner have pulled back to the rising 55-day MA support near 10.50 and bounced Friday with peers as Bitcoin momentum starts to ramp up ahead of the Bitcoin conference scheduled for later this week. IREN also has its Investor Day event on Tuesday 7/23 which could get price action back higher above the 12 level. The stock has seen a lot of increased bullish options flow recently with August $12.50 calls adding 7500x on Friday and now over 15k in open interest while also seeing the Aug $15 and Sept $15 calls with large buys still in OI and the Jan 2026 $17.50 puts sold to open 2000x at $7.30 on 7/10. Plenty of potential to rebound to 13-14 in the near term with higher upside if crypto sees a breakout to new highs later this summer.