SKHY today surged to 170 then crashed back to 160—everything the rally gained was completely given back. The daily candle formed a long upper wick turning bearish. The only thing to blame is this: over the past few hours of the sell-off, the big players’ positions didn’t decrease—if anything, they increased.
In seven hours, the whale long positions were boosted by nearly two tenths; the long allocation is still rising, now at 52.9%, while the longs on the account side have climbed to 57%. With prices falling and heavy positions being added, the shares that retail investors dumped are being picked up in chunks by the big players. This doesn’t look like distribution.
The buy-side aggressive filled orders over the past seven hours have doubled in volume directly; buyers account for 57.6%. In the spot order book, buy orders near the 24-hour low are still pressing against the sell orders. The funding rate has turned positive—real money is holding the line. Funds are coming in, not just stubborn talk.
At this level I’m going long: enter around 160.5, set a stop-loss below 159.3. If it breaks the 24-hour low, then the “catching orders” logic is wrong—then I’ll flip to short. First target: 166, then hold firm and reclaim 170. #skhy $SKHY
In seven hours, the whale long positions were boosted by nearly two tenths; the long allocation is still rising, now at 52.9%, while the longs on the account side have climbed to 57%. With prices falling and heavy positions being added, the shares that retail investors dumped are being picked up in chunks by the big players. This doesn’t look like distribution.
The buy-side aggressive filled orders over the past seven hours have doubled in volume directly; buyers account for 57.6%. In the spot order book, buy orders near the 24-hour low are still pressing against the sell orders. The funding rate has turned positive—real money is holding the line. Funds are coming in, not just stubborn talk.
At this level I’m going long: enter around 160.5, set a stop-loss below 159.3. If it breaks the 24-hour low, then the “catching orders” logic is wrong—then I’ll flip to short. First target: 166, then hold firm and reclaim 170. #skhy $SKHY
