According to CoinMeta, on-chain data shows that over the past 30 days, mu, sndk, and skhx have declined by 5.7%, 23.8%, and 31.8% respectively. Among them, skhx has performed the worst among the three major storage providers. The open interest of skhx amounts to $408 million, which is 2.4 times that of mu and nearly 3 times that of sndk. The funding rate is about +0.0194%, with long positions continuously paying fees to short positions, indicating a clear risk of leverage congestion. As of 12:17 today, the top three "smart money" players in the skhx short position ranking are still increasing their holdings, with a total position of $49.09 million, and a current total floating profit of about $2.99 million.