KAITO’s short, 0.69 goes straight to sell short—don’t cling to any delusional idea about the spot price at 0.7016! The order book shows sell orders of 5676 stacked up to match a buy order size of 2440—2.3 times. All spot buy-side support is just paper. Contract open interest is still up 13.94% within 24 hours, the funding rate is deep in negative territory at -0.85%, and the shorts are adding positions to build up strength and smash the market. The first target is to touch the 24-hour low at 0.648; if it breaks, let it run—set the stop-loss at 0.72, outside the structure. The weak move of -42.68% over 7 days hasn’t fully played out: any rebound at 0.7 is just catching a falling knife—don’t go blocking it.