SKYAI’s 20 % plunge has left the token under heavy bearish pressure, with sentiment weakening and long liquidations spiking. The fact that retail activity has faded suggests that casual traders are stepping back, leaving the market to be shaped largely by institutional players. In a market that’s currently classified as “Extreme Fear,” even a modest rally in BTC (up 1.98 %) and ETH (up 3.83 %) cannot mask the underlying anxiety that’s driving token‑specific declines.
The broader context is telling: MicroStrategy has been selling more Bitcoin, yet the market has not yet reacted, and Hyperliquid is approaching a critical decision point. These developments point to a market where institutional moves are still unfolding but are not yet translating into significant price shifts. For SKYAI, the key question is whether the token can find new support or whether the current trend will deepen.
Retail investors should keep an eye on SKYAI’s support levels and the rate of liquidations. A rapid increase in liquidations could signal a further downward spiral, while a sudden rebound might indicate a short‑term correction. As the market remains in a state of extreme fear, any significant move—positive or negative—could have outsized effects on sentiment and trading volume.