A certain on-chain whale has recently taken new action. When the LIT price approached around $3.03, this well-known short seller precisely positioned, establishing a short position of 31,000 LIT tokens, with a position size equivalent to approximately $87,000. The current average price is stuck at $2.95, with a liquidation line set at $4.75, resulting in a small unrealized profit. Additionally, there is a short position of 10,000 LIT tokens hanging at $3.06, waiting for the market.

But that's not all. The same address also holds a massive BTC short position—$43.68 million in size. The unrealized profit has now skyrocketed to $12.05 million (return of 552%), with an average price of $111,500, and a liquidation price at $102,400.

Interestingly, this whale has been showing a fixed rhythm since November: taking profits at local lows without hesitation, and being particularly decisive—cutting off positions completely without ever adding back. It has done this five times in total. Think about it: at the end of October, the BTC short position peaked at $136 million, but now it has shrunk to over $40 million, having closed nearly $57 million within this month. The once-largest on-chain BTC short is now gradually retreating in an orderly manner.

Seeing the current trend of LIT, is he still continuing to short? What does the market think?