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$SKYAI Don't chase the highs! The main players can dump the market at any time to harvest profits
SKYAI will inevitably undergo a deep correction next; chasing long now is just giving whales a chance to offload their positions.
1. The market is completely controlled by large investors, with 91% of the chips held by 327 whales (smart money). The rise and fall depend entirely on their actions, and retail investors have no room for speculation.
2. The main players have already made huge profits and are eager to cash out and run. The whales' average opening cost is 0.37 USDT, and the current price is 0.63 USDT, netting a 70% profit without leverage. Over 20 million USDT in unrealized gains are just waiting for retail investors to chase the high and take the bait.
3. The market has completely run out of upward momentum. The long-short ratio among whales is as high as 2100%, and all the funds that could push the price up are already in the market. Shorts are also mostly wiped out, with no new funds or liquidation orders fueling the move, so the price can't be driven higher.
In the short term, look for a pullback to the 0.50-0.55 USDT range. If whales concentrate on selling off and dumping, it could directly hit the main player's cost zone around 0.45 USDT.
Now absolutely do not chase longs! As soon as the main players close 20% of their positions, they can cause a 10%-20% flash crash. Entering now is just buying at a high level and getting buried. #WCTC交易王PK