«Someone very big doesn't believe in miracles: the whale invested $2.6 million in #USDC to short $LIT with 1x leverage. ⚠️⚠️⚠️

Maximum conservatism — no liquidations, no x's, just cold calculation».⚠️⚠️⚠️⚠️

What did the whale really do?

Usually, a 1x short is used for Delta Neutral strategies. It either receives funding payments (interest for holding the position) or protects its real tokens $LIT from falling prices.👍👍👍

$LIT

LITUSDT

Perp

3.372

-3.21%