KITE under pressure: 1.8B supply meets falling demand and rising shorts

What: KITE's supply has surged to **1.8B** as holders offload their positions.
Why: Falling demand and rising short positions are driving the supply increase.
Signal: Perpetual traders are positioning for further downside, indicating bearish sentiment.
Target: The market is likely to remain under pressure as supply continues to outpace demand.
Risk: The risk of further price declines increases as short positions continue to rise.