Why SKY Crypto’s 12% Price Drop Raises the Risk of Further Losses
Key Highlights: The Whale Retail Delta climbed to 0.288, triggering widespread market liquidations where long traders lost around $63,000 compared to just $84 lost by short traders. Perpetual derivatives indicators signal potential downside for $SKY as the Funding Rate slipped into negative territory at -0.0008% and Open Interest dropped 13% to approximately $51 million. Despite ...