SKR/USDT:USDT
🤖AI Insight
bybitabout 2 months agoBullish
89%
SKR is primed for a squeeze. Funding is -0.4386% (Bybit) and -0.4204% (Hyperliquid), meaning shorts are paying a massive premium to stay open. Price is holding steady or rising despite this, indicating that sellers are trapped. A impulsive move up is expected as these shorts are forced to cover. Target magnitude 10-15%.
Detailed Analysis
What I see:
Extreme negative funding triggers at 08:24 and 08:29 UTC.
What it means:
Short interest is overcrowded and the cost to carry is unsustainable.
What I expect:
Upward price spike driven by forced liquidations and short covering.
Invalidation condition:
Funding normalizing to neutral without price action.
Exchangebybit
StatusExpired
Timeframe
Expected Move±12%
Detected Price$SKR 0.023273
Timeabout 2 months ago
Verify Atabout 2 months ago