Seventy percent in seven days, thirty percent in three days—LIT just touched the stage high around 3.80, but the money pulled out of the upswing has already quietly exited at the top. For nearly three hours, spot net outflows reached 33.76 million, and none of the twelve candlesticks is green. Price is still hanging at a high level, but the money has already withdrawn.
The cracks don’t stop there. In futures, active trading has shifted toward distribution: the buyer share has dropped to 48.8%, and the active volume has shrunk by nearly 30% over seven hours. The basis has turned negative. In the last 15 minutes, price fell below the MA20/MA50, dropping from 3.80 to 3.42—a pullback of about 10%. What’s strange is this: open interest is still swelling by 12% in a single day and is stuck in the strong long quadrant, with large traders holding a long-position ratio as high as 80%—yet the longs didn’t really leave; they just piled up at the very top.
With spot running short of funds, active distribution underway, and crowded longs—three lines point in the same direction. For this short setup, around the current price near 3.42 you can enter, first watching 3.37; if it breaks down, look to 3.20. Place the stop-loss above 3.68, in the area of dense trading today.
If spot funds keep flipping positive, the basis turns positive again, and price rallies with volume back above 3.78, then this would be a fake drop and shakeout—flip the position by taking a long after stopping out. Also, the circulating supply is only 25%; once a reversal happens at the high, volatility won’t be gentle. #lit $LIT
The cracks don’t stop there. In futures, active trading has shifted toward distribution: the buyer share has dropped to 48.8%, and the active volume has shrunk by nearly 30% over seven hours. The basis has turned negative. In the last 15 minutes, price fell below the MA20/MA50, dropping from 3.80 to 3.42—a pullback of about 10%. What’s strange is this: open interest is still swelling by 12% in a single day and is stuck in the strong long quadrant, with large traders holding a long-position ratio as high as 80%—yet the longs didn’t really leave; they just piled up at the very top.
With spot running short of funds, active distribution underway, and crowded longs—three lines point in the same direction. For this short setup, around the current price near 3.42 you can enter, first watching 3.37; if it breaks down, look to 3.20. Place the stop-loss above 3.68, in the area of dense trading today.
If spot funds keep flipping positive, the basis turns positive again, and price rallies with volume back above 3.78, then this would be a fake drop and shakeout—flip the position by taking a long after stopping out. Also, the circulating supply is only 25%; once a reversal happens at the high, volatility won’t be gentle. #lit $LIT
