Hyperliquid Data: LIT Falls 18.9% to $2.97 as Shorts Outpace Longs

The statement is strongly supported by multiple high-relevance sources, with one source directly confirming every component of the claim. The KuCoin News article explicitly reports that according to Hyperliquid data, the LIT price dropped by 18.9% to $2.97 and that short positions ($13.62M) outnumbered long positions ($11.5M). This source has perfect relevance and medium-high authority, serving as the primary piece of evidence.This central claim is corroborated by several other sources. High-authority data aggregators like Coinalyze and Coinglass are provided as primary sources where this type of derivatives data for LIT on Hyperliquid can be found and verified. Additional posts from a crypto analysis tool on X and on Binance's platform further confirm that LIT's trading activity and funding rates on Hyperliquid were a topic of discussion, which aligns with the events described in the statement.There is no contradictory evidence among the provided sources; the irrelevant articles discuss different assets or are unrelated to the crypto market. The convergence of a direct news report with supporting data from reputable platforms and contextual social media posts makes the statement highly credible.