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KAITO drops 31% amid bearish futures, but a whale buys $1.32M dip on Coinbase

Market News
10 Aug 2026
AMBCrypto
View Source
Bearish
pluang ai news

KAITO has fallen 31% over the past week, breaking key support levels and seeing a sharp decline in trading volume and market cap. Despite the downtrend, a whale has bought 1.917 million KAITO tokens worth $1.32 million, signaling some bullish sentiment among large investors. However, futures market remains strongly bearish with traders closing positions and incurring losses, pushing net outflows to negative levels. The Relative Strength Index (RSI) confirms strong selling pressure, suggesting KAITO may fall further unless futures selling cools and spot buyers push the price back above $0.96 and $1.00.

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