Traders betting on SKR price drops are paying a steep ongoing fee to keep their positions open. Ten alerts in ten minutes show unusually crowded selling interest.
Imagine SKR is trading near $0.0242. A massive wave of traders rushes to bet that the price will go lower. So many people want to bet on a drop that the market becomes heavily lopsided.
To balance the market, the exchange charges an ongoing fee. Because so many traders are betting down, they must regularly pay cash directly to the few traders willing to bet up. Over ten minutes, this fee held around -0.35% per hour.
This mechanism is called the funding rate. When the rate is negative, sellers pay buyers. A rate of -0.35% per hour means short sellers lose over eight percent of their trade value every day just in holding fees.
This alert triggered ten times in a row without easing up. That persistence shows stubborn conviction among sellers, who are willing to bleed cash each hour rather than close their positions.
Heavy selling pressure does not guarantee the price will fall. If the price rises even slightly, those paying high fees may panic and exit all at once, creating a sudden upward squeeze.
Do not think a negative funding rate means guaranteed downward momentum. Think of it as a crowded, expensive bet where sellers are on a ticking clock to see profits before fees eat them up.