LIT Price Pressure Creates Liquidation Risk for Major Players

The LIT market has been showing weakness, with significant positions taking heavy losses. One major trader absorbed a partial liquidation hit worth $509k on a 1x long position as prices continued to decline. The concerning part? Their position remains active and vulnerable—liquidation could trigger around the $1.49 level, potentially creating a cascade effect in the market.

This kind of forced selling from large players often signals broader market stress. When whales start getting squeezed out, retail traders should pay closer attention to support levels and consider their own risk management. The $1.49 mark is now a critical watch point for anyone holding LIT or considering entries into the pair.