$SKYAI This trend has actually realized the risks that were previously embedded.

From 0.77 directly dropped to 0.563, this is not a normal correction; it's a typical high-level stampede. The previously mentioned bullish crowding has been amplified clearly—once the price turns around, those crowded on the same side will only step on each other.

The market now is very clear: sentiment has shifted from "fear of missing out" to "fear of losses," and the rhythm has changed. The oscillation at high levels was essentially the main players seeking liquidity to offload; looking back now, it was actually a combination of pulling and distributing, ultimately dumping chips onto those chasing the high. Looking at the capital structure, the previous 17:1 long-short ratio was already a hidden risk; now, this drop is effectively forcing the market to deleverage. Many long positions at high levels were passively stopped out, so the rebound won't be very smooth; instead, it’s more likely to follow a "rebound—then another sell-off" pattern.

Fans who entered early around 0.77 have basically caught the full move; from the start to the peak, they have achieved more than 5 times the profit.
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