KITE increased by 74% in February and has now fallen by 19%. Both spot and derivatives markets are experiencing increased bearish sentiment. Short positions in perpetual contracts dominate, and spot net outflows show $200,000 worth of KITE funds flowing into exchanges, indicating selling pressure. Liquidity remains insufficient, and if prices continue to decline with increased trading volume, it could signal a deeper correction.
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KITE increased by 74% in February and has now fallen by 19%. Both spot and derivatives markets are experiencing increased bearish sentiment. Short positions in perpetual contracts dominate, and spot net outflows show $200,000 worth of KITE funds flowing into exchanges, indicating selling pressure. Liquidity remains insufficient, and if prices continue to decline with increased trading volume, it could signal a deeper correction.