SKHY is now at 151, having jumped from 135 yesterday to where it is now—up by a dozen or so points. In one day, it’s up by almost 8%.
But looking at the details, something doesn’t seem right. The order book bids are thinner than the asks; the主动买盘 (aggressive buy) is only 43%, while there are more sells than buys. Trading activity has also dropped—down by nearly half compared to before. Funding rates are stuck at 0, and nobody is willing to pay extra to hold more.
The whale accounts have been moving out: they’re down 12% in a day. Their positions are still there, but the people are withdrawing. I don’t understand it—when the price rises, the big holders are running. I’ve seen this scene more than once.
The price has indeed gone up, but the capital supporting the move is getting weaker. For the price to keep rising from here, it will need stronger capital to take over the baton—at the moment, I don’t see that.
Watching from the sidelines. Don’t chase. Let the market choose a direction.
#skhy $SKHY
But looking at the details, something doesn’t seem right. The order book bids are thinner than the asks; the主动买盘 (aggressive buy) is only 43%, while there are more sells than buys. Trading activity has also dropped—down by nearly half compared to before. Funding rates are stuck at 0, and nobody is willing to pay extra to hold more.
The whale accounts have been moving out: they’re down 12% in a day. Their positions are still there, but the people are withdrawing. I don’t understand it—when the price rises, the big holders are running. I’ve seen this scene more than once.
The price has indeed gone up, but the capital supporting the move is getting weaker. For the price to keep rising from here, it will need stronger capital to take over the baton—at the moment, I don’t see that.
Watching from the sidelines. Don’t chase. Let the market choose a direction.
#skhy $SKHY