$LIT A new high at 3.5056 on lower volume, while large traders’ positions remain pinned around 79%. Bears, don’t chase just yet—wait for volume to reveal the truth.
Between 22:00 and 23:00 last night, about 16.06 million U was used to push the price to 3.4591 before it pulled back. This morning between 05:00 and 06:00, only about 6.84 million U was enough to break the previous high and reach 3.5056—less than half the volume of the prior move. The price is now around 3.46, up about 8.8% over 24 hours, with roughly 62.5 million U in trading volume. Over the past two hours, hourly volume has been only a little over 1 million U.
Open interest is gradually rising: OI contracts went from about 13.28 million at 23:00 yesterday to about 13.71 million at 08:00 this morning. The share of long accounts rose from about 57% to about 60%, while large traders’ positions have stayed around 79%. The funding rate is +0.005% per interval—not expensive, so longs aren’t paying much, but traders are crowded on one side. A new high on low volume and concentrated longs are points for bears to watch, but there’s no sign of a reversal yet.
Look for weakness if the price falls on rising volume below 3.43, then drops back below the early-morning support at 3.33 while contract counts fall too—that would mean this batch of new longs is exiting. If the price holds above 3.5056 on strong volume, with hourly volume returning to over 7 million U, the bearish thesis is invalidated. A new high on low volume—do you trust volume or price more?
#LIT缩量新高 #Large traders’ long positions around 79%
Between 22:00 and 23:00 last night, about 16.06 million U was used to push the price to 3.4591 before it pulled back. This morning between 05:00 and 06:00, only about 6.84 million U was enough to break the previous high and reach 3.5056—less than half the volume of the prior move. The price is now around 3.46, up about 8.8% over 24 hours, with roughly 62.5 million U in trading volume. Over the past two hours, hourly volume has been only a little over 1 million U.
Open interest is gradually rising: OI contracts went from about 13.28 million at 23:00 yesterday to about 13.71 million at 08:00 this morning. The share of long accounts rose from about 57% to about 60%, while large traders’ positions have stayed around 79%. The funding rate is +0.005% per interval—not expensive, so longs aren’t paying much, but traders are crowded on one side. A new high on low volume and concentrated longs are points for bears to watch, but there’s no sign of a reversal yet.
Look for weakness if the price falls on rising volume below 3.43, then drops back below the early-morning support at 3.33 while contract counts fall too—that would mean this batch of new longs is exiting. If the price holds above 3.5056 on strong volume, with hourly volume returning to over 7 million U, the bearish thesis is invalidated. A new high on low volume—do you trust volume or price more?
#LIT缩量新高 #Large traders’ long positions around 79%
