TradingBeats data showed weaker price action, rising short-heavy whale positioning and a 0x6bb wallet maintaining take-profit orders far below the current market.
SKHX fell 10.6% over 24 hours to $1,061.5 on Aug. 6, then traded at $1,042.1 on Aug. 7, as TradingBeats data pointed to increasingly bearish derivatives positioning. Turnover rose to $639 million while open interest slipped about 1.2%, and funding stayed positive at roughly 0.0106% per hour even as whale short exposure exceeded whale long exposure by about $37.169 million. Over 24 hours, million-dollar long positions fell by about $7.519 million and million-dollar short positions rose by about $3.453 million. Separately, a whale wallet beginning with 0x6bb kept a 10x full-position short of 6,687 SKHX contracts valued at about $6.969 million, with an average entry price of $1,338.3 and an unrealized profit of roughly $1.981 million. The address added 790 contracts through 10 TWAP orders on Aug. 7 and kept take-profit orders for 5,897 contracts in a $600 to $747.47 range.