The deadline for filing an extension for U.S. tax year 2025 is October 15. Crypto reporting is also involved, and the approaching compliance window often amplifies short-term selling pressure, so I’m cautious about SKHYNIX in the near term. Funding rates remain positive, and long positions have not exited, but buying support is clearly insufficient.

The current price is 1273.7, down 2.4% over 24 hours. The high of 1318.8 failed to hold, and the low of 1256.5 was just reached. Trading volume is only 102,000, indicating thin activity. The bid-to-ask ratio across the top 10 order-book levels is 0.70, with 467 sell orders versus 328 buy orders, showing seller dominance. Both the 1-hour and 4-hour trends are downward. Coin-margined open interest stands at 36,000, and sentiment is bearish.

Strategy: If the price rebounds to around 1285.3, consider a small short position, with a stop-loss at 1302.7 and a target of 1249.6. If it drops to 1247.8 and stabilizes, consider going long, with a stop-loss at 1231.4 and a target of 1279.5. Keep each position below 5% of your capital, and exit immediately if support breaks.

——Just my personal opinion; this is not investment advice. Wishing you successful trading.——

$SKHYNIX#U.S. 2025 tax filing extension deadline: October 15; crypto reporting is involved