LIT has recently shown clear signs of major players offloading. From the price corridor, this coin has slid from the high of 4.389 down to 2.363, with each rebound failing at the key resistance line of 3.295. The entire process exhibits typical characteristics of a stepwise decline—precisely the hallmark of large traders distributing their positions in batches.

Order book data strongly supports this analysis. The strange phenomenon is that open interest actually increased during the sharp price drop. The underlying logic is simple: a large number of retail investors are frantically bottom-fishing at low levels, yet the long-short ratio based on open interest remains around 1.3, with the short side consistently dominant. What does this situation indicate? Major players are leveraging retail investors’ bottom-fishing enthusiasm to complete position turnover.

Technical signals are even more straightforward. The daily MACD continues to weaken below the zero line, and on the 4-hour chart, the price is tightly capped by the MA5 moving average, with each upward rebound quickly losing momentum. On the 15-minute chart, there is no sign of any attacking force.

Currently, the price of 2.399 is only a short-term support. Once it breaks below the previous low of 2.363, the next target is likely around the previous low of 2.240. At this stage, going long carries significant risk, and bottom-fishing should be approached with extra caution.