LIT’s continued rise has forced a whale to reduce a leveraged short position after realizing a loss of about $622,600. The trader initially held 1.8422 million LIT short and has repurchased 703,600 tokens, or 72.55% of a planned 969,900-token buyback. The remaining position consists of 1.1386 million LIT worth about $6.0431 million, held with 4x isolated leverage at an average entry price of $4.324. With LIT at $5.30, the position carries an unrealized loss of about $1.119 million and is near its $5.4450 liquidation price. The five-hour TWAP order remains active, with 266,300 LIT left to repurchase and an originally scheduled end time of around 17:16 today. Further position reductions or margin changes could alter the liquidation price.