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KITE under pressure: 1.8B supply meets falling demand and rising shorts
📰 sources⭐ 7.0
TL;DR:
Holders are offloading their KITE positions, altering supply dynamics, while perpetual traders increasingly position for further downside.
Key Points:
Background:
Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.
Why It Matters:
This development contributes to the ongoing evolution of the cryptocurrency ecosystem and may influence market trends.