Hyperliquid's largest LIT short bleeds over $10M as token hits new high
- —3x short on 2.528M LIT shows unrealized loss of $10.118M
- —Whale also shorts AVAX, ETH, SOL and HYPE worth $14.634M
- —Combined position ROI stands at roughly -139.6%
- —LIT hit a new high above $5.3 after Bitwise's staking ETP launch
Why it matters: The growing losses on the largest LIT short raise the risk of a forced squeeze that could push the token even higher.
Source: PANews