On the day the good news of $KAITO was released, my limit order at 1.88 was filled, and then I started buying spot and shorting futures. It's obvious what this is trying to achieve. Luring in buyers and forcing shorts, then gradually unloading!
From the long-to-short ratio and open interest ratio, KAITO continues to enter a death spiral, with the main players seizing the opportunity to force shorts and build a bunch of short positions. Although the fees are painful, the profit from the short positions after the drop from 1.88 should definitely be enough to cover it.
Referencing TRUMP and COW, creating such good news during unloading, after the good news spike on the same day, every case in the following week suffered a crash.
A few days ago, I advised you to take half profits at 1.66, and adding back a little at 1.88 is no problem. Next, it's about taking KAITO down to 1.2-1.3, or even below 1.