$KAITO Open shorts first!! This rebound looks red, but actually it’s levered positions that have collectively defected, like a betrayal-wake. On-chain spot long/short ratio has been cut almost in half over the past 12 hours, and it has directly fallen below the life-or-death line. Liabilities are also accelerating upward to the top; the borrowed chips are all pressed into the hands of the shorts. Concentration has risen in sync—smart money has long been executing punishment on retail traders. The depth of the spot sell orders is nearly double that of the buy orders. The rebound is all bait. Follow the move and look for shorts—go ahead and eat your meat with respect ⬇️⬇️⬇️