Former Ethereum core developer and angel investor Eric Conner said on X that Lighter (LIT) may be entering a short squeeze, describing the setup as potentially devastating for short sellers. According to his post, short liquidations totaling as much as 6 million LIT are concentrated in the $3.43 to $4.10 price range. Odaily noted that LIT was trading at $3.66 at the time. Based on the figures cited in the post, that liquidation cluster equals 2.5% of the token’s circulating supply. The comment points to a narrow band above the current price where short positions could face pressure if LIT continues moving higher.
Odaily reported that former Ethereum core developer and angel investor Eric Conner said in a post on X that Lighter (LIT) may be entering a short squeeze, calling it "devastating" for short sellers.
He said short liquidations totaling as much as 6 million LIT are concentrated between $3.43 and $4.10. Odaily added that LIT was trading at $3.66 at the time, and said that amount is equal to 2.5% of the token’s total circulating supply.
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