$SKHY Short sellers welded the contract order book into a wall—don’t treat those spot order quantities as your rescuer. In aggressive executions, sell orders keep pinning the buy orders to the ground; the buy side’s share can’t even reach half. Aggressive longs and shorts were crushed by the sellers long ago—capital is fighting to get out. Even worse, open interest is still being stacked higher, while funding rates are lying flat on the floor. In the past few rounds, only once did they barely turn positive: shorts add to positions at near-zero cost, with no squeezed-in risk at all. Price can’t even reach the day’s high, spot is still flipping green-to-red in a day, and the rebounds are basically fuel for the shorts.