Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
$SKYAI Short-term bearish signals are very strong, smart money and chips are both distributing. The waterfall hasn't arrived yet, but it's not far off! First, observe the 0.4 integer level!
1. The most direct signal: smart money is "selling off"
Trader 24 hours: net sell 6.23M > net buy 4.66M
Whale 24 hours: net sell 4.98M > net buy 3.41M
Explanation: The group with the most information and chips is selling their holdings to retail investors chasing the high as the price is pushed up.
2. The "false prosperity" of holdings
Don't be fooled by their total long-short ratio reaching 842% and 975%, which are historical positions with huge unrealized gains.
Key contradiction: historical positions are bullish, but the latest action is net selling. This indicates they are pulling back while pushing up, locking in profits, and the overall long-short ratio will lag behind.
In one sentence: the main players are dumping chips at high levels to those chasing the high, and chasing the high carries greater short-term risk than opportunity. Don't be fooled by the high "unrealized gains and losses" into taking over.