Lighter holds below $4 despite buybacks, CFTC filings and $1.64B open interest
- —LIT bounced off $2.85 but sellers near $3.98 blocked a break above $4.00
- —Lighter's open interest hit $1.64 billion in Q3, nearly double the previous quarter
- —$2.8 million in 30-day revenue was almost entirely directed to LIT buybacks
- —Lighter will file CFTC applications for perpetuals and options licenses in November
Why it matters: CFTC approval would open the U.S. market to Lighter and could act as a catalyst for LIT, but the recovery stays unconfirmed without a break above $4.00.
Source: Cryptonews.net