$KITE just completed a micro liquidity auction between trapped sellers and opportunistic bidders. The first leg wasn’t the breakout it was the stealth accumulation while price was still boring and ignored. That boring period is where sophisticated money builds the narrative before price confirms it.

Once 0.1126 got swept, the auction flipped. Sellers were forced to bid higher to exit, not lower to escape that’s called reverse inventory rotation, and breakouts built on reverse inventory are more durable than breakouts built on pure hype.

The expansion toward 0.1274 wasn’t really about price, it was about who lost control: the sellers got priced out of their preferred liquidity zones. That’s why the wick at the high isn’t a rejection it’s the market testing how many sellers are left above fair value. If sellers were dominant, you’d see cascade unwinds. Instead, price held mid-range and rotated, signaling unresolved demand.

Markets don’t trend when everyone agrees they trend when the losing side can’t escape.

Now KITE is in rotation phase, cycling between new buyers waiting for pullbacks and shorts trying to fade the move. The auction ends when one side runs out of emotional capital, not just financial capital.

If 0.1215–0.1228 holds as the settlement band, the next leg becomes mechanical.

If it breaks, the auction reopens and discovery resets downward.

Liquidity isn’t random. It votes.