#SKHY rose for half a day; the sell side depth is so thin that even half of the bid isn’t there. How can they dare call this a breakout? In the past 24 hours it’s up four percentage points—price can jump around—but the people waiting to buy underneath are getting fewer and fewer. The average funding rate has already turned negative; on the perpetual side, nobody wants to pay to hold long. And you still want to push it higher? If they don’t shake you out of the car and wash the weak hands, that won’t be called a real market maker.
