Markets· ★★· bearish·

Lighter (LIT) drops 12% to $3.40 as $2.9M in long liquidations trigger panic exits

  • —LIT fell 12% on the day to $3.40 after rejection at $3.99
  • —$2.9 million in long positions liquidated over 24 hours
  • —Futures netflow dropped 371% to -$9.7 million
  • —RSI fell to 39 and price trades below short-term moving averages
Why it matters: Steady spot demand is defending $3, but weak futures netflow and a bearish RSI keep the risk of a break toward $3 elevated.
#LIT
Source: AMBCrypto
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