$BTC is still consolidating around the $83,000 support level.
It could stay here for a while, confusing bears and getting them to open shorts at support.
We just need a little patience here.
The pump is coming.
Lighter $LIT is facing renewed selling pressure, falling sharply over the past 24 hours as the market reacts to Robinhood’s latest perpetual-futures plans.
The main catalyst appears to be a reset in expectations around Robinhood’s U.S. perps, with Bitstamp selected for the offering rather than Lighter. This has raised questions around potential future trading volume and fee revenue for Lighter.
Leverage may have added to the move, as forced position unwinding can accelerate declines during sharp sell-offs.
For traders watching the chart, $3.60 is an important near-term area mentioned in current market analysis, while $4.20 remains a level to watch if LIT stages a recovery.
For now, $LIT remains highly sensitive to developments around Robinhood and perpetual-futures demand.
#BTC Price Analysis#
It could stay here for a while, confusing bears and getting them to open shorts at support.
We just need a little patience here.
The pump is coming.
Lighter $LIT is facing renewed selling pressure, falling sharply over the past 24 hours as the market reacts to Robinhood’s latest perpetual-futures plans.
The main catalyst appears to be a reset in expectations around Robinhood’s U.S. perps, with Bitstamp selected for the offering rather than Lighter. This has raised questions around potential future trading volume and fee revenue for Lighter.
Leverage may have added to the move, as forced position unwinding can accelerate declines during sharp sell-offs.
For traders watching the chart, $3.60 is an important near-term area mentioned in current market analysis, while $4.20 remains a level to watch if LIT stages a recovery.
For now, $LIT remains highly sensitive to developments around Robinhood and perpetual-futures demand.
#BTC Price Analysis#