$KAT price has been smashed down from the highs all the way, looking like it’s about to break through support. Yet after holding for a day, positions actually doubled. On the contract side, it’s still firmly marking “strong longs”—the uglier the chart looks, the thicker the buy positions accumulating underneath. This divergence is called accumulation, not distribution. The big players’ long positions are still adding more; on the spot market, the buy-side order book is thicker by a full margin than the sell-side. Even on the four-hour timeframe, it’s judged as a rebound, not a breakdown. Someone always stares at the bearish candles and starts mumbling. Over here, the direction is already set: once this batch of inventory is fully absorbed, the shorts will have plenty to withstand afterward.
