Conclusion first: this round of squeeze in LIT saw one on-chain player eat up half of the total liquidation amount.
In 4 hours, $2.13 million was liquidated; shorts accounted for 85.1%. Hyperliquid alone liquidated $1.1390 million—all shorts—using just 26 trades, averaging $44k per trade. OKX liquidated $592,500 using 285 trades, averaging 2079 per trade.
The largest single liquidation is also on-chain: 206,000 short positions were liquidated at 3.6465, worth 751,100.
Price was pushed from 2.9687 to 3.8078; current price is 3.62, up 16.6% in a day.
Open interest is 457 million plus 15.66%. The biggest position is on Hyperliquid, accounting for 38.6%, which is 2.5 times Binance. After getting liquidations off, they’re still piling in.
$LIT $BTC
On-chain short sellers have been wiped out—do you dare to take this position?
View in real time: https://www.coinboss.com/currencies/LIT