163.8, SKHY’s spot order book first leaked some air—the sell orders were stacked to 2,796 lots, while buy orders were only 2,105 lots, and the price still hasn’t fallen; the sell pressure above is already lined up.
This push toward 166 relies on a strong 4-hour bullish pull (158→166). After pulling it up, the price slipped back to 163.7—the momentum is retreating. Contract open interest shrank by 1.65% over seven hours, and it also declined over the day. The new money that supposedly pushed the rise never really entered; this bounce is just old short positions getting swept out.
The big players are even more direct: the whale accounts’ long share dropped 8.76% over seven hours, while long positioning across all accounts is still sitting at 53.9%. Retail is calling for longs, while whales are reducing longs—catching this baton is a bit dangerous.
I’m short. Enter at 163.8, set a stop-loss above 166.7, and target a pullback toward MA50 at 162.3; if it breaks down, look at 158. The fee is only 0.0074%, and active buy pressure isn’t exploding—so it can’t support a sustained advance.
Going long only has one scenario: open interest climbs back up, spot large orders net inflow turns positive, and the price holds with volume above 166.7—then it would be new money entering to抢筹. I’ll admit I’m wrong and flip sides. Before that, the closer you get to 166, the more it becomes an entry point for shorts.
#skhy $SKHY