Crypto Express

07/23 06:06

Spot traders resume buying KAS

In the last four days, even as KAS rallied, spot traders had consistently sold the token across centralized exchanges.

According to data from CoinGlass, cumulative sales from these traders totaled $1.48 million, reflecting bearish sentiment despite the rally.

Interestingly, selling pressure has slowed. In the past 24 hours, total spot sales amounted to just $47,000, pointing to a renewed buying interest.

While this suggests bulls are beginning to accumulate again in the spot market, the trend isn’t fully bullish. Bears could still re-enter, apply downward pressure, and trigger a price pullback for KAS.

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