On January 27, news reports indicate that the Lighter ecosystem token LIT quickly found buying support after touching a low of $1.53, with the price rebounding and once reaching as high as $1.85. It is currently stable around $1.81, representing an intraday increase of approximately 16%. Accompanying this is a roughly 16% increase in trading volume, indicating a significant rise in market activity.
The changes in the derivatives market are particularly crucial. According to CoinGlass statistics, LIT’s open interest grew by 16% in 24 hours to approximately $146 million, with trading volume surging 28% to $178 million. Net futures inflow expanded to about $4.08 million, reflecting accelerated entry by bullish traders. The long-short ratio also rose above 1, suggesting that bullish momentum is slightly dominant and market sentiment is gradually turning positive.
On-chain activity shows that whale movements are a key driver of the price. Data from Winngamer indicates that two large holders recently locked around $2.32 million worth of LIT into Lighter’s staking pools, with one transaction exceeding $2 million. Staking these tokens temporarily removes them from circulation, demonstrating confidence in the project’s mid-term prospects and objectively reducing the tradable supply in the market.
Meanwhile, the Lighter team continues to push forward with its token buyback plan. Cryptolycus disclosed that in less than a month, the team has repurchased over 2.4 million LIT on the open market, mainly funded by platform fee income. This mechanism, under stable demand conditions, can amplify supply-demand gaps and thus support the price.
Technical indicators are also beginning to show signs of change. After successfully defending the $1.5 level, the short-term moving average has crossed above the longer-term moving average, indicating a recovery in momentum. Although the Relative Strength Index (RSI) still hovers below 50, there are signs of an upward turn, suggesting buyers are gradually regaining control.
From key price levels, if LIT can hold above $1.7 and continue to increase volume, $2.0 will become the next critical resistance. If it fails to break through, around $1.49 remains a defensive line that bulls need to protect. Currently, the convergence of futures funds, whale staking, and buyback activities is causing subtle changes in Lighter’s price structure.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Trump's Negotiation Remarks Drive US Stock Rally, Bitcoin Returns to 70K, Oil Price Plunges 15% at Once
After U.S. President Trump announced progress in U.S.-Iran negotiations, global financial markets experienced significant volatility, with U.S. stocks rising over 1%, oil prices dropping 15% at one point before stabilizing, and Bitcoin rebounding to $70,000. Although initial optimism was impacted by reports of attacks on Iranian energy facilities, the overall trend still shows market responses to risk assets. Cryptocurrency ETF fund flows indicate strong inflows into Bitcoin, while Ethereum experienced outflows.
ChainNewsAbmedia1h ago
The RWA Yield Infrastructure Trade
The essay highlights challenges in direct RWA token exposure, emphasizes the potential in leverage opportunities amid settlement delays, critiques Morpho's governance token structure, and presents Fluid as a more effective token model with stablecoin links.
CoinDesk1h ago
Trump's Easing Signals Trigger $2 Trillion Market Revaluation, Bitcoin Surges in Sync
US President Trump announced online progress in US-Iran talks and postponed strikes against Iran. Following the announcement, the S&P 500 index surged, crude oil fell sharply, and Bitcoin rose in tandem. Market reaction demonstrated high correlation across asset classes. A $1.5 billion futures order drew attention, but there is no evidence of insider trading involvement. This incident revealed the rapid repricing of global markets in response to geopolitical news.
MarketWhisper2h ago
Pi Network Weekly Drop 6%, Bullish RSI Meets Billion-Token Unlock Pressure
Pi Network has recently faced price declines, but technical indicators such as RSI approaching oversold levels and community sentiment remaining positive. Despite bullish signals, increased exchange reserves and upcoming token unlocks present bearish risks, with potential selling pressure likely to suppress prices. Market conditions require close monitoring.
MarketWhisper3h ago
U.S.-Iran War Pause News Caught in Conflicting Reports! Bitcoin Surges Back to $70K, But Analysts Warn of Bull Trap
The United States announced a pause on military strikes against Iran, causing Bitcoin to briefly break through $70,000. Analysts warn that this rally could be a bull trap, predicting Bitcoin may retest $46,000. Market sentiment remains subdued due to geopolitical risks and persistent inflation. Trump faces challenges from Iran and dollar-denominated oil prices amid internal pressure.
CryptoCity3h ago
