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Funds are not slowly flowing into $SKYAI; instead, the contract pool was directly pushed open.
Don't just look at the 55.94% increase; this explanation is too superficial.
What’s truly abnormal is that 24-hour trading volume reached $153.8 million, with open interest increasing by 49.4% simultaneously, as new positions seem to make liquidity suddenly find a small pool, pushing the price from 0.16469 to 0.31999.
But the boundaries are also clear.
Funding rate is +0.062%, and long positions have paid for 8 consecutive periods, indicating that those chasing the rally are paying rent.
More importantly, 1-hour open interest actually dropped by 21.7%, which is not a one-sided increase in positions, but rather a round of people being shaken out at high levels.
Retail long-short ratio is 0.89, with only 47% long positions, but top accounts have a long-short ratio of 2.84, showing that large and ordinary traders are clearly positioned differently.
This structure is not a normal rally; it’s a market squeezed out by leverage, premium, and position buildup together.
As long as open interest continues to collapse, around 0.31999 won’t be a pressure level but a reflection of the bulls’ cost zone.
$SKYAI #Contract abnormality
Generated using Claude Opus 4.8 model. Claude is AI and may make mistakes. Please double-check responses.