Lighter dropped 12% to a low of $3.22 after being rejected at $3.99, before slightly rebounding to around $3.40. The price decline triggered $2.9 million in long liquidations, sparking panic selling across the market. Futures trading saw $87.5 million in outflows versus $77.7 million in inflows, resulting in a netflow of -$9.7 million, representing a 371% decline. Spot buyers are providing some support, but the RSI at 39 and the price trading below short-term moving averages indicate sustained bearish pressure.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
