1211 wavered all day below the MA50, dropping more than three points over 24 hours. Futures open interest shrank by 11.6% in a single day—bulls in the contracts are being cleared out wave by wave. But the strangest part is this: at this price level, large-holder accounts are 73.6% net long, with a position share of 75.2%, and they’re still adding to their positions after seven hours. Retail and leveraged longs have pulled out, leaving only the large holders propping the board.
The spot order book also confirms it: the sell-side ladder at 52.55 versus the buy-side ladder at 22.35—there are more than twice as much thickness on the sell wall as on the buy wall. Price is clinging to the 24h low of 1202.68, squatting there without much strength to bounce. The funding rate is hovering near the zero line; shorts haven’t crowded to the point where they’re paying enough to be squeezed. This isn’t a short-squeeze setup—it’s unilateral bleeding from the long side.
So I’m going short, no hesitation. The more concentrated the longs are, the more brutal the post-breakdown cascade. The 1211 to 1215 pullback is the entry zone for short positions. The first target is to see 1202.68 get stabbed through. Once it breaks below, with no buyers to act as reference, the next leg of the decline is only just beginning.
What signals make me flip long? A rebound that recaptures the 15-minute MA50 at 1217.6 with volume expanding, the buy wall on the order book covering over the sell wall, and open interest flowing back again—then it means the large holders have truly eaten through the selling pressure. I’ll switch to longs immediately. Until then, the shorts stay as they are.
#skhynix $SKHYNIX
The spot order book also confirms it: the sell-side ladder at 52.55 versus the buy-side ladder at 22.35—there are more than twice as much thickness on the sell wall as on the buy wall. Price is clinging to the 24h low of 1202.68, squatting there without much strength to bounce. The funding rate is hovering near the zero line; shorts haven’t crowded to the point where they’re paying enough to be squeezed. This isn’t a short-squeeze setup—it’s unilateral bleeding from the long side.
So I’m going short, no hesitation. The more concentrated the longs are, the more brutal the post-breakdown cascade. The 1211 to 1215 pullback is the entry zone for short positions. The first target is to see 1202.68 get stabbed through. Once it breaks below, with no buyers to act as reference, the next leg of the decline is only just beginning.
What signals make me flip long? A rebound that recaptures the 15-minute MA50 at 1217.6 with volume expanding, the buy wall on the order book covering over the sell wall, and open interest flowing back again—then it means the large holders have truly eaten through the selling pressure. I’ll switch to longs immediately. Until then, the shorts stay as they are.
#skhynix $SKHYNIX
