Title: $SKYAI Dips 15% Amid $25.7 Million Outflow.. Are Buyers Regaining Control?
The $SKYAI token has taken a sharp dive of 15% in the last few hours, despite a solid performance over the past month with an increase exceeding 544%. This drop coincides with a massive liquidity outflow estimated at $25.7 million from the perpetual contracts market, reflecting a growing sense of caution among traders.
Market data showed that most of the outflows were due to traders voluntarily closing their positions, while forced liquidations contributed to losses exceeding $261,000. The Long/Short ratio has dropped to 0.92, indicating sellers are in control and short positions dominate current activity.
In the spot market, signs of weakness have become evident after ten consecutive days of strong buying. The market recorded an outflow of around $1.15 million, which may reflect the beginning of a gradual loss of bullish momentum.
Nevertheless, there are still some positive signals, the most significant being that the funding rate remains at 0.0380%, indicating continued relative buying strength in the market. Thus, some analysts believe that the current dip may just be a temporary correction, not the start of a full downward reversal.
$ZEN
The $SKYAI token has taken a sharp dive of 15% in the last few hours, despite a solid performance over the past month with an increase exceeding 544%. This drop coincides with a massive liquidity outflow estimated at $25.7 million from the perpetual contracts market, reflecting a growing sense of caution among traders.
Market data showed that most of the outflows were due to traders voluntarily closing their positions, while forced liquidations contributed to losses exceeding $261,000. The Long/Short ratio has dropped to 0.92, indicating sellers are in control and short positions dominate current activity.
In the spot market, signs of weakness have become evident after ten consecutive days of strong buying. The market recorded an outflow of around $1.15 million, which may reflect the beginning of a gradual loss of bullish momentum.
Nevertheless, there are still some positive signals, the most significant being that the funding rate remains at 0.0380%, indicating continued relative buying strength in the market. Thus, some analysts believe that the current dip may just be a temporary correction, not the start of a full downward reversal.
$ZEN