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$KAS Signal】Short position + decline accompanied by abnormal open interest
$KAS Price drops by -6.75%, but open interest (OI) remains high at $117 million, without a corresponding decrease. This divergence of “price falling and volume increasing,” combined with high OI, suggests the market has a large number of open positions, possibly with longs passively holding, which could set the stage for subsequent liquidity squeeze (liquidation). Currently, it is not an obvious contrarian bottom-fishing opportunity.
🎯Direction: Short
Market logic indicates “Price drops, please determine whether it’s