Odaily Planet Daily reports: As LIT surged past $5.20 and set a new high, an address on Hyperliquid, the largest short position in LIT, saw its 3x leveraged short position incur an unrealized loss of $10.028 million. This address still holds 2.528 million LIT shorts, with an overall position unrealized loss of approximately $10.098 million, resulting in a return rate of about -158%.
The largest short seller of LIT is facing over $10 million in unrealized losses from a 3x leveraged short position and still holds 2,528,000 LIT tokens.
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Summary
The largest short position on LIT, held with 3x leverage, has incurred floating losses exceeding $10 million. Position trading strategies are under pressure as the address still maintains a short position of 2.528 million LIT tokens. Total losses now amount to $10.098 million, with a return rate of -158%. Proper position sizing could have limited exposure. Risk remains elevated as the market continues to move against the short.
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