SKHX, tracked by TradingBeats (formerly Hyperinsight), is trading at $1,061.5, down 10.6% over 24 hours. Trading volume climbed to $639 million, while open interest fell about 1.2% and hourly funding rates hovered near +0.0106%. The number-based long/short ratio rose to 3.00:1 from 2.44:1, with long addresses adding only 88 and short addresses dropping 159, partly due to short profit-taking. Whale accounts on a dollar basis show a clear short bias: long positions fell by $7.519 million and shorts rose by $3.453 million, pushing the dollar long/short ratio from 0.78 to 0.70. Whale short exposure now exceeds longs by $37.169 million. Over the past four hours, five whales added fresh positions worth about $9.077 million, now valued at $9.766 million, with an average entry near $1,081.3 — all underwater by about $176,000. The largest new address longs 2,394.8 SKHX at $1,073.5, worth $2.544 million, with a liquidation price near $1,016.8, roughly 4.2% from the spot price.
SKHX is trading at $1,061.5, down 10.6% over the past 24 hours, according to TradingBeats (formerly Hyperinsight). Trading volume over the same window climbed to $639 million, while open interest slipped by roughly 1.2%. The hourly funding rate sits near +0.0106%.
The breakdown of accounts and capital tells a slightly different story. The crowd-based long/short ratio rose from 2.44:1 to 3.00:1. Yet long addresses increased by just 88 over the day, and short addresses fell by 159 — some of that shift reflecting short sellers taking profits and closing out.
Dollar-weighted flows point the other way. Positions of $1 million or more show long exposure down by about $7.519 million and short exposure up by roughly $3.453 million. That pushed the dollar long/short ratio from 0.78 to 0.70. Whale short positions now outweigh long positions by about $37.169 million.
On an hourly basis, flow is even more lopsided: fresh whale-sized positions added in the past hour tilted 55.4% toward shorts.
The latest four-hour window tells the fresh-money story. Five whales, including newly opened and added positions, brought in about $9.077 million worth of positions. Those positions are now valued at roughly $9.766 million, with a weighted average entry of $1,081.3. All of it is underwater, to the tune of about $176,000.
The largest new address opened a long of 2,394.8 SKHX at an average price of $1,073.5, worth around $2.544 million. Its liquidation price sits near $1,016.8 — about 4.2% from the current spot price.
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