$SKY is up 25.89% on the week, and the market is treating today's 1.8% dip like a problem. i don't.
The catalyst is Mantle expanding its Bybit yield vault from CeFi into DeFi, with Grove, CIAN and Fluxion as the venues. That's Mantle's own announcement through Chainwire, so it's a claim, not a verified flow. Grove is the name that ties it back to Sky.
My read: institutional yield getting routed on-chain through a Sky-linked venue is usage, and usage is what turns a 25.89% week into more than a bounce. dips into a story like that are for buying, not for panicking.
$SKY trades at $0.07164 right now, inside a 24h range of $0.0686 to $0.07625. if it holds $0.0686, i think the weekly move stays intact and $0.07625 gets retested. if it loses $0.0686, i'm wrong on this and there's nothing to defend. anyone who bought this week's run gives back the gains.
holding $0.0686 or losing it?
follow me for more calls like this.
The catalyst is Mantle expanding its Bybit yield vault from CeFi into DeFi, with Grove, CIAN and Fluxion as the venues. That's Mantle's own announcement through Chainwire, so it's a claim, not a verified flow. Grove is the name that ties it back to Sky.
My read: institutional yield getting routed on-chain through a Sky-linked venue is usage, and usage is what turns a 25.89% week into more than a bounce. dips into a story like that are for buying, not for panicking.
$SKY trades at $0.07164 right now, inside a 24h range of $0.0686 to $0.07625. if it holds $0.0686, i think the weekly move stays intact and $0.07625 gets retested. if it loses $0.0686, i'm wrong on this and there's nothing to defend. anyone who bought this week's run gives back the gains.
holding $0.0686 or losing it?
follow me for more calls like this.
