$LIT could be heavily overloaded with shorts
Among 14 tracked wallets:
📉 95.4% — short
📈 4.6% — long
Total size of short positions — about $13.6M.
But the key detail:
one wallet controls 45.9% of the entire short exposure.
That means the potential upward move could be much stronger than usual if the large position starts closing.
First, a small impulse.
Then forced covering.
And after that, a real chain reaction could kick in.
I’m not saying a squeeze is guaranteed.
But when the market is so one-sided, the risk of an unexpected move against the majority becomes much higher.
I would watch $LIT especially closely right now.
#LIT #Crypto #OnChain #WhaleWatching #ShortSqueeze
Among 14 tracked wallets:
📉 95.4% — short
📈 4.6% — long
Total size of short positions — about $13.6M.
But the key detail:
one wallet controls 45.9% of the entire short exposure.
That means the potential upward move could be much stronger than usual if the large position starts closing.
First, a small impulse.
Then forced covering.
And after that, a real chain reaction could kick in.
I’m not saying a squeeze is guaranteed.
But when the market is so one-sided, the risk of an unexpected move against the majority becomes much higher.
I would watch $LIT especially closely right now.
#LIT #Crypto #OnChain #WhaleWatching #ShortSqueeze