Doing worse than the market
The total crypto market is −4.1% in 24 hours. SKHY is −7.5%, 3.4% worse than the market, so part of the move is specific to SK Hynix (Backpack Securities).
Why is the crypto market moving? →
why / skhy
Why is SK Hynix (Backpack Securities) down today?
SK Hynix (Backpack Securities) (SKHY) is down 7.5% in the last 24 hours, trading at $151.11. That is 3.4% worse than the whole crypto market (−4.1%), so part of the move is specific to SK Hynix (Backpack Securities). It has been moving on its own rather than with Bitcoin (−4.8%).
SKHY 24h−7.54%
Whole market 24h−4.14%
Bitcoin 24h−4.77%
Link to BTC (30d)-0.06
Volume vs normal—
signals
What is moving SK Hynix (Backpack Securities)
Strongest signals first.
Very active trading
SKHY traded 145% of its market cap in the last 24 hours, far more than a typical coin. Something is drawing traders in.
Moving on its own, not with Bitcoin
Over the last 30 days, SKHY's daily moves had a -0.06 correlation with Bitcoin (1 means identical direction). That is low: SKHY has mostly moved on its own lately, while Bitcoin is −4.8% today.
Bitcoin price →A dip inside a rising week
Despite today's −7.5%, SKHY is still +11% over 7 days and −19% over 30 days.
Market mood: Fear (30)
The Crypto Fear & Greed Index reads 30 out of 100, down from 51 yesterday. Sentiment is not extreme either way.
Fear & Greed Index →Liquidations, funding and open interest
See whether leveraged traders are being forced out of SKHY positions right now, on the chart, in the Blockdeck app.
See VIP layers →next
Keep exploring SK Hynix (Backpack Securities)
faq
Questions
Why is SK Hynix (Backpack Securities) down today?
SK Hynix (Backpack Securities) (SKHY) is down 7.5% in the last 24 hours, trading at $151.11. That is 3.4% worse than the whole crypto market (−4.1%), so part of the move is specific to SK Hynix (Backpack Securities). It has been moving on its own rather than with Bitcoin (−4.8%).
Will SK Hynix (Backpack Securities) go back up?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: SKHY is +11.05% over 7 days and −18.60% over 30 days. Check the live chart and the signals above, and never trade more than you can afford to lose.
How is this explanation made?
From measured market data, refreshed every few minutes: the whole market's move, SKHY's link to Bitcoin over 30 days, its sector, trading volume against its 30-day average, recent news, where the price sits in its range, and market sentiment. Nothing here is guessed or written by hand.
Explanations are built from market data and are not financial advice.