⏱️ KAT in the last hour: Bears are still bleeding

In the past hour, KAT liquidations totaled $312k, including $279k from long positions and $33k from short positions — the long-short ratio is nearly 8.5:1.

Short-term interpretation: The long liquidations in this hour mainly come from longs getting caught chasing high and triggering small stop-losses, not from a trend reversal. Very few short positions were liquidated, indicating that the main bearish players have not panicked and are still holding on.

The current battle between bulls and bears has entered a critical zone:

· If the price continues to rise, short liquidations will accelerate, forming a short squeeze
· If it turns downward, these newly liquidated longs will become a downward catalyst

The short-term 1-hour trend is unclear; it is recommended to wait and see. For those wanting to trade, light positions and narrow stop-losses are the baseline.

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