Lighter Plunges 12% as $2.9M in Long Liquidations Sparks Panic Selling
Key Highlights Lighter ($LIT) suffered $2.9 million in long position liquidations over a 24-hour window, sparking a surge in derivative market exits. Futures netflow plummeted by 371% to -$9.7 million, with capital outflows outpacing inflows by nearly $10 million. Spot accumulation has emerged as a counterweight, with negative exchange netflows reflecting exchange withdrawals even as ...