Traders betting on SKR to fall paid an escalating fee to hold their positions over ten minutes, revealing intense selling pressure across the market.
Imagine SKR is trading at around $0.0265. Suddenly, a massive wave of traders rushes in, all wanting to place bets that the token will drop in value.
To keep downward bets open, sellers must pay a fee to buyers. Over just ten minutes, that fee climbed from negative 0.6449 percent to negative 0.6628 percent while the price drifted toward $0.0259.
This recurring balance fee is called the funding rate. When it turns deeply negative, traders betting on a drop are actively paying traders betting on a rise just to keep their trades alive.
Seeing this alert trigger ten times in a row shows persistent pressure. Sellers are willing to lose money on continuous fees minute after minute rather than exit their bets.
This does not guarantee SKR will keep falling. When too many traders pile into the same side, even a tiny price bounce can force them to quickly close out, sparking a sudden upward reversal.
Don't think negative funding means guaranteed drops. Think of it as an overcrowded room where excessive pressure creates risk for a sharp snap in either direction.