Markets· ★★· bearish·

LIT drops 11% as $2.4M exits perpetual market

  • —LIT lost roughly 11% over the past day amid selling pressure
  • —Perpetual market outflows reached $2.4 million in 24 hours
  • —Long liquidations of $999K were nearly 10x the $87K in shorts
  • —Funding rate stayed positive at 0.0055% with $521K in spot buying
Why it matters: The $2.2 million buyback and positive funding rate may cushion LIT, but a rebound needs broader demand to return.
#LIT
Source: AMBCrypto
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