$3.21M WAS PUT AGAINST $LIT . I’M FOLLOWING CLOSELY
At 14:59
On 08-21, a wallet 0x92bb..6f opened a SHORT at $LIT for 4.1909. Trade size — $3.21M, margin — $642.64K.
This isn’t a test short for a few thousand dollars. Someone put $3.21M on the idea that $LIT will go lower.
The position is already bringing in about +$465.71K, but the whale isn’t closing it. I’m also opening a SHORT around 4.1909, but without aggressive leverage.
My logic is simple: as long as $LIT stays below the whale’s entry price, sellers control the situation. If the price moves back above 4.1909 and holds there, I’ll close the trade — I’m not going to argue with the chart over someone else’s position.
There’s one important point: the whale’s liquidation is near 7.5337, only 79.76% higher than the entry. If the market reverses sharply, this short could itself become fuel for a strong move upward.
But right now, I’m on the SHORT side. $3.21M vs $LIT from the current levels — that’s a strong enough signal to enter alongside big capital.
Follow along — I’ll keep watching this position 🔔
Not financial advice. Always manage risk.
Go to trade this pair 👇️
$LIT
#magma #sand
At 14:59
On 08-21, a wallet 0x92bb..6f opened a SHORT at $LIT for 4.1909. Trade size — $3.21M, margin — $642.64K.
This isn’t a test short for a few thousand dollars. Someone put $3.21M on the idea that $LIT will go lower.
The position is already bringing in about +$465.71K, but the whale isn’t closing it. I’m also opening a SHORT around 4.1909, but without aggressive leverage.
My logic is simple: as long as $LIT stays below the whale’s entry price, sellers control the situation. If the price moves back above 4.1909 and holds there, I’ll close the trade — I’m not going to argue with the chart over someone else’s position.
There’s one important point: the whale’s liquidation is near 7.5337, only 79.76% higher than the entry. If the market reverses sharply, this short could itself become fuel for a strong move upward.
But right now, I’m on the SHORT side. $3.21M vs $LIT from the current levels — that’s a strong enough signal to enter alongside big capital.
Follow along — I’ll keep watching this position 🔔
Not financial advice. Always manage risk.
Go to trade this pair 👇️
$LIT
#magma #sand
