LIT's largest short position with 3x leverage sees floating loss exceed $10 million; still holds 2.528 million LIT
As LIT broke through $5.2 and continued to hit new highs, an address on Hyperliquid became the largest short position on LIT, with its 3x leveraged short position's floating loss expanding to $10.028 million. The address still holds a short position of 2.528 million LIT, with an overall floating loss of approximately $10.098 million and a return rate of approximately -158%.
LIT breaking above $5.2 has driven the largest LIT short on Hyperliquid into a deep floating loss of over $10M at 3x leverage, confirming strong upside momentum; because a trapped leveraged short may be forced to cover or add buying pressure if the rally continues, this raises short-squeeze risk and supports further upside for LIT, though the single-address nature limits conviction. LIT is short-term bullish (medium).