Lighter token LIT has fallen more than 11% in the last 24 hours from the height of the day. The price fell from US$1.663 to US$1.4725, increasing sales in the day by about 20 per cent. After two days of short-line rebound, the heat of the market trade failed to keep up, and prices again weakened.

There's a clear cooling of the deal.

The immediate background to the downside of the market is the apparent decline in the dynamism of the LIT spot trade. According to the data quoted by Blockworks, the number of daily traders in the past week has dropped by about 50 per cent, from 15411 to 7972.

There has also been a significant contraction in the volume of ready-made transactions. On 17 June, LIT ' s spot trade value was approximately US$ 17.38 billion, which is now down to about US$ 531 million, more than three times the previous level. On the previous day, the cash trade in that currency had dropped to $182 million, almost a month low.

Weaknesses in income and financial flows

The cooling of the trade also slows down agreement revenue. The data show that Lighter's daily income has fallen to approximately $40,000. At the same time, there has been an increase in the pressure of financial outflows, with approximately 30 transactions placing a sales pressure of $44.53 million, indicating that short-line sales continue.

In terms of price, the LIT had rebounded along the uplink for the past two days, but after touching $1.70, it weakened and then fell by a line of about $1.60, and the short-line sale was significantly magnified.

1.50 United States dollars for short-term focus

It is mentioned that the LIT contract continued to rise during the fall. Over the past few hours, the unsettled contract has risen from $24 million to $25 million above, indicating that the derivatives are still growing at a time of falling prices, and that the market mood has increased.

In terms of overall performance, after the LIT fell by $1.50, there was a buy-in, suggesting that there were many attempts to defend in the vicinity of this position. However, overall turnover and dynamism have not recovered and the rebound base remains weak. It was also reported that the overall performance of DEX-related currencies has recently been weak, and Hype of Hyperliquid is in a similar market environment.