SKYAI drops 15% after strong rally, with traders turning bearish amid $25.7M outflow

SKYAI fell 15% following a significant rally that had pushed gains to 544%. Despite the strong monthly performance, investor sentiment has shifted bearish, with both spot and perpetual markets showing increased selling activity. A $25.7 million capital outflow mainly from voluntary position closures and a drop in Open Interest signal growing bearish pressure. However, a positive funding rate suggests buyers still hold some influence, indicating the recent decline might be a temporary pullback rather than a full reversal.