The biggest LIT short just got even more expensive😭. The trader behind Hyperliquid’s largest
$LIT short added another $2.5M in margin yesterday, apparently trying to keep the position alive after LIT’s recent surge.
He’s currently short 2.528M
#Lıt , worth around $8.56M, with an entry price near $1.30. The position is already sitting on an unrealized loss of roughly $5.26M.
After
#LIT jumped following its Upbit listing, the trader basically decided to throw more money behind the short instead of closing it. Current margin on the position: $7.5M & Liquidation price: $5.77 .
So now there’s a huge amount of capital sitting behind a short that’s already running in deep loss ..... At this point, it’s not just a short anymore .... it’s a battle of who blinks first.
Address: 0x61ceef212ff4a86933c69fb6aca2fe35d8f2a62b