$SKYAI Whales are dumping it to death❗️From 0.387 to 0.19, halved in a day. Out of 6 four-hour candles, 5 are red, not even a decent bounce.

In plain English: classic long squeeze cascade, all futures traders wiped out.
Open interest plummeted 30% in a day. Funding rate is still positive but that's because longs are still stubbornly holding. Whales' accounts are 66% long but price still got smashed through.
This is not a retracement; whales are panic distributing.
At best it's a pullback; at worst, this is just the beginning of a halving.
Jumping in now makes you a bag holder. The falling knife hasn't hit the ground; whoever catches it dies.