$LIGHT Update:

Shorts are still dominating the market, almost overwhelmingly so.

However, trading volume has cooled off, and open interest on futures is nearly cut in half compared to yesterday — a sign that bullish momentum may be slowing.

Outlook: $LIGHT may continue to move sideways, forcing short positions to bleed funding fees. There’s even a chance of an unexpected short squeeze at some point, which would be another hit to the bears. For now, shorts remain at a disadvantage.

LIGHTUSDT

Perp

1.069

-70.95%