Sky SKY · perps

SKY's perpetual-futures market shows modest positioning with mixed directional signals. Open interest stands at $14.2M, having declined 1.9% over the past day while rising 25.9% across the week—suggesting a recent build in leverage that is now consolidating. The aggregated funding rate of 10.95% indicates longs are paying shorts at an elevated clip, yet at the 31st percentile over ninety days this remains below the coin's typical recent range, meaning the long crowding, while present, is not at stretched extremes relative to its own history.

Liquidation flow favours shorts, with an imbalance of -0.28 recorded over twenty-four hours. This modest tilt, combined with a leverage risk score of 11, points to a structurally low-risk environment by SKY's standards. The recent spike in open interest paired with a positive funding rate suggests longs have been building positions, but the absence of extreme percentile readings and the low composite risk score indicate that leverage remains contained and positioning does not yet present fragility on an aggregate basis.