Hyperliquid: Largest LIT Short Adds $2.5M Margin

Hyperliquid largest LIT short added $2.5 million margin today after booking a $5.605 million floating loss on 2.528 million tokens entered at $1.3. The position, now backed by $7.16 million single-coin margin, faces liquidation at $5.78 following a brief Upbit listing spike. LIT trades at $0.74 inside its Bollinger band with upper resistance at $0.81 and lower support at $0.69 while EMA50 at $0.77 and EMA200 at $0.79 define the bearish structure. MACD death cross at -0.03 and neutral RSI at 47.01 confirm sellers retain control, so price testing upper band resistance likely produces a retracement toward the 50-EMA before any continuation attempt.