$LIT Just got hit with a $30M whale SHORT… and honestly, that’s exactly what makes this move worth watching.
If LIT is really positioning itself as one of the first compliant perps to enter the U.S., I don’t see this giant short as just a normal bearish bet.
It feels more like someone trying to send a message while forcing the market lower.
And that’s where things can get nasty for the shorts.
If the selling gets absorbed and $LIT suddenly turns back up, those $30M shorts can become the fuel for a very fast squeeze.
One big reversal, then forced buying starts chasing the price higher. 😂
I’m looking for that setup.
This dump may not be the end of the move… it could be the liquidity being built for the next leg up.
Buy the dip. ⬇️⬇️⬇️
If LIT is really positioning itself as one of the first compliant perps to enter the U.S., I don’t see this giant short as just a normal bearish bet.
It feels more like someone trying to send a message while forcing the market lower.
And that’s where things can get nasty for the shorts.
If the selling gets absorbed and $LIT suddenly turns back up, those $30M shorts can become the fuel for a very fast squeeze.
One big reversal, then forced buying starts chasing the price higher. 😂
I’m looking for that setup.
This dump may not be the end of the move… it could be the liquidity being built for the next leg up.
Buy the dip. ⬇️⬇️⬇️
