Profit Drops for LIT Whale After Closing Long Position

TheNewsCryptoPublicado a 2026-01-05Actualizado a 2026-01-05

Resumen

A whale wallet recently closed a long position on LIT, incurring a loss of $767,403. This caused its overall profit to drop significantly from $3 million to $420k. The closure occurred despite LIT's recent price increase, currently trading at $2.72 with a 6.73% surge in the last 24 hours. Although LIT reached an all-time high of $4.04 on December 30, 2025, it has since declined by 32.63%. Forecasts for early 2026 predict a price correction, with LIT dropping to around $2.17 in the next month before rebounding to $2.21 in three months. Despite short-term bearish predictions, long-term sentiment remains bullish, with expectations for LIT to reach $5.31 by the end of 2026.

A whale wallet recently closed their long position on LIT, but faced significant loss in the process. Overall profit has dropped as well. The development notably comes at a time when Lighter tokens are marking upticks in their values and recorded an ATH a few days ago.

Whale Faces Loss Closing LIT Position

A whale wallet reportedly recorded a loss of $767,403 after closing the long position on LIT. Acquired at a 1x leverage, the 1.6-year dormant wallet has also recorded a drop in profit from $3 million to $420k.

The development within a week from increasing the long position in the token. The position was valued at around $3.59 million with a floating loss of more than $1.26 million. Simultaneously, the whale wallet was able to close a short position in ASTER with a profit of $537k before that transaction.

LIT Price Rally

Anticipations around LIT price rally gained momentum when another whale wallet deposited USDC to expand LIT holdings. Lighter tokens were trading at $2.69 at that time, but are now up to $2.72 with a surge of 6.73% over the last 24 hours. It further represents a jump of 2.3% in the last 7 days.

LIT recorded an ATL of $2.30 on December 30, 2025, and is now up by 18.47% from that value. It noted an ATH of $4.04 on the same date, but has now declined by 32.63%. Interestingly, LIT has 1 billion in total supply but has only 250 million in circulation.

LIT in 2026

The early 3 months of 2026 are forecasted to see a price correction for LIT. The token could go as low as $2.17 in the next 1 month and rebound to $2.21 as it completes the 3-month cycle from this point. The 1 month decline comes to around 20.89% from the current value. Similarly, the 3-month plunge comes to approximately 19.45%.

Its support and resistance margins are yet to be defined, but overall sentiments remain bullish with the neutral 14-Day RSI of 38 points and the FGI of 26 points. The trajectory drawn to this point, based on market conditions, expects LIT to start reclaiming its highs from September 2026. A walk on the chart could pave the way to $5.31 by the end of 2026.

Highlighted Crypto News Today:

Japan Finance Minister Backs Integration of Digital Assets Into TradFi

Preguntas relacionadas

QWhat was the amount of loss the whale faced after closing their long position on LIT?

AThe whale faced a loss of $767,403 after closing their long position on LIT.

QHow much did the whale's overall profit drop after closing the LIT position?

AThe whale's overall profit dropped from $3 million to $420,000.

QWhat was the All-Time High (ATH) price of LIT and how much has it declined from that value?

AThe All-Time High (ATH) price of LIT was $4.04, and it has now declined by 32.63% from that value.

QWhat is the forecasted price range for LIT over the next 3 months according to the article?

AThe article forecasts that LIT could drop to as low as $2.17 in the next month and rebound to $2.21 by the 3-month mark.

QWhat is the long-term price target for LIT by the end of 2026, as mentioned in the article?

AThe long-term price target for LIT by the end of 2026 is $5.31.

Lecturas Relacionadas

iQiyi Is Too Impatient

The article "iQiyi Is Too Impatient" discusses the controversy surrounding the Chinese streaming platform IQiyi's recent announcement of an "AI Actor Library" during its 2026 World Conference. IQiyi claimed over 100 actors, including well-known names like Zhang Ruoyun and Yu Hewei, had joined the initiative. CEO Gong Yu suggested AI could enable actors to "star in 14 dramas a year instead of 4" and that "live-action filming might become a world cultural heritage." The announcement quickly sparked backlash. Multiple actors named in the list issued urgent statements denying they had signed any AI-related authorization agreements. This forced IQiyi to clarify that inclusion in the library only indicated a willingness to *consider* AI projects, with separate negotiations required for any specific role. The incident, which trended on social media with hashtags like "IQiyi is crazy," is presented as a sign of the company's growing desperation. Facing intense competition from short-video platforms like Douyin and Kuaishou, as well as Bilibili and Xiaohongshu, IQiyi's financial performance has weakened, with revenues declining for two consecutive years. The author argues that IQiyi is "too impatient" to tell a compelling AI story to reassure the market, especially as it pursues a listing on the Hong Kong stock exchange. The piece concludes by outlining three key "AI questions" IQiyi must answer: defining its role as a tool provider versus a content creator, balancing the "coldness" of AI with the human element audiences desire, and properly managing the interests of platforms, actors, and viewers. The core dilemma is that while AI can reduce costs and increase efficiency, it risks creating homogenized, formulaic content and devaluing human performers.

marsbitHace 10 min(s)

Jensen Huang Publicly Challenges Google and Amazon, Is the Chip Business Entirely Sustained by Anthropic?

In a candid interview, Nvidia CEO Jensen Huang challenged competitors like Google and Amazon, admitted past strategic errors, and criticized U.S. export controls on AI chips. He framed Nvidia’s role as turning “electricity in, tokens out,” emphasizing the complexity and value of AI inference. Huang dismissed rival custom chips like Google’s TPU and Amazon’s Trainium as inflexible and niche, claiming their growth relies heavily on clients like Anthropic. He also acknowledged missing early investment opportunities in OpenAI and Anthropic. On China, Huang warned that export restrictions risk pushing the country toward self-sufficiency and could cost U.S. leadership in AI. Finally, he explained Nvidia’s acquisition of Groq as a move to serve premium, low-latency token markets. Throughout, Huang emphasized ecosystem trust and Nvidia’s central role in global AI infrastructure.

marsbitHace 15 min(s)

Jensen Huang Publicly Challenges Google and Amazon, Is the Chip Business Entirely Sustained by Anthropic?

marsbitHace 15 min(s)

ARK's SpaceX IPO Investment Guide: $1.75 Trillion Valuation, 95x Price-to-Sales Ratio, Where Is the Money Going?

ARK Invest, a major investor in SpaceX, provides an analysis following SpaceX's confidential IPO filing on April 1, 2026, targeting a $1.75 trillion valuation and up to $75 billion in funding for a Nasdaq listing around June 2026. This would be the largest IPO in history. The valuation implies a price-to-sales ratio of ~95x based on ~$18.5B in projected 2025 revenue. ARK argues this reflects future potential, not current reality. Key drivers include Starlink, with over 10M users and $20B+ in 2026 revenue, launch services which have reduced costs by ~95% since 2008, and the strategic merger with xAI in February 2026, enabling vertically integrated AI and orbital computing. ARK’s investment thesis is based on SpaceX's proven execution of ambitious goals, like reusable rockets and global satellite internet. The firm notes that significant value creation often occurs pre-IPO, and its Venture Fund offers exposure to SpaceX’s earlier private stages. Post-IPO, the fund will manage the position per standard lock-up and rebalancing processes, maintaining flexibility to reinvest in other private innovations. The analysis is based on public estimates and ARK research; the S-1 filing is not yet public. This is not investment advice.

marsbitHace 16 min(s)

ARK's SpaceX IPO Investment Guide: $1.75 Trillion Valuation, 95x Price-to-Sales Ratio, Where Is the Money Going?

marsbitHace 16 min(s)

Stablecoin Hype Overblown? Moody’s Says Banks Aren’t In Danger

The article discusses the legislative stalemate in the US over the Digital Asset Market Clarity Act of 2025 (CLARITY Act), which aims to regulate crypto assets. A key point of contention is whether stablecoins should be allowed to pay interest, with crypto companies opposing a ban and banks supporting it. Moody's analyst Abhi Srivastava states that, for now, stablecoins do not pose a significant threat to traditional banks due to existing efficient payment systems and the current prohibition on yield-bearing stablecoins. This limits their appeal for pulling deposits from banks at scale. However, with the stablecoin market cap exceeding $300 billion and growth in tokenized assets, banks could face future pressure from deposit outflows. The crypto industry warns that failure to pass the bill could lead to stricter regulatory crackdowns. Negotiations continue with little progress, despite both sides desiring a resolution.

bitcoinistHace 1 hora(s)

Stablecoin Hype Overblown? Moody’s Says Banks Aren’t In Danger

bitcoinistHace 1 hora(s)

Not a Price Hike, but a Supply Cut? Oil Prices Have Crossed the Tipping Point

The global oil market has passed a critical point, shifting the focus from price increases to potential physical supply shortages. The core issue is a time mismatch: even if the Strait of Hormuz reopens, shipping disruptions have already caused significant delays, which will continue to deplete onshore crude inventories for weeks. Refinery behavior acts as an amplifier. Reduced runs in Asia and Europe don’t reflect weaker demand but instead shrink product inventories, raising fuel prices and refining margins, which in turn encourages higher runs—creating a self-reinforcing cycle. If the Strait remains closed beyond April, traditional pricing models may fail. The market could face an unprecedented physical shortfall of 11-13 million barrels per day—roughly four times historical disruption levels. In such a scenario, price becomes an inadequate balancing tool. The only way to rebalance the market would be policy-driven demand destruction, similar to COVID-era lockdowns. Current prices around $95/barrel are insufficient to balance the market. Key signals to watch include inventory levels, policy announcements, and the pace of involuntary demand contraction. Geopolitically, the situation appears likely to worsen before improving, with little room for compromise between the US and Iran.

marsbitHace 2 hora(s)

Not a Price Hike, but a Supply Cut? Oil Prices Have Crossed the Tipping Point

marsbitHace 2 hora(s)

Trading

Spot

Futuros