KITE whale sells $1M on Binance but price holds as buyers absorb supply, shorts dominate futures.

A whale wallet transferred nearly 9 million KITE tokens worth over $1 million to Binance, signaling potential selling pressure. Despite this, KITE's price remained stable above key support levels as buyers absorbed the increased supply, preventing a sharp decline. Binance futures show strong bearish sentiment with a low Long/Short ratio, but heavy short positions could lead to volatility if prices rebound. Whale buying activity still outpaces retail, indicating mixed market dynamics. KITE must reclaim $0.1304 to shift momentum; otherwise, bears may continue to control the market.