According to reports from AMBCrypto, LIT's institutional positioning continued to strengthen with one institution depositing 3.35 million LIT valued at approximately $7.83 million into Lighter. As reported by Onchain Lens, the institution had withdrawn most of those holdings from centralized exchanges during the previous week, removing 2.92 million LIT from OKX and another 468,620 LIT from Bitstamp. These strategic movements reduced the institution's exchange-held supply before the heavy deposit, though the transaction did not necessarily indicate firming up of overall market demand.
Despite institutional positioning, LIT saw spot netflows turning positive at around $609.78K as of press time, according to AMBCrypto reports. This positive reading implies more inflows than withdrawals during the measurement period, adding immediate selling pressure against the bullish scenario and creating selling opportunities. The positive spot flows contrast with previous withdrawals from OKX and Bitstamp, but overall institutional activity curtailed holdings on those exchanges before overall spot flows turned to net deposits.
As reported by AMBCrypto, Binance's top traders showed significant bullish positioning with 70.1% long positions and 29.9% short positions, translating to a Long/Short Ratio of 2.34. According to CoinGlass analytics, this high level of long exposure indicates greater bullish positioning among whales who retained expectations for higher prices. However, the heavy long concentration raises sensitivity to failed upside attempts around resistance zones, with a price rejection likely putting pressure on overcrowded longs.
According to AMBCrypto analysis, LIT traded near $2.302 after retreating 2.50%, leaving the price between $2.23 support and $2.431 resistance on the TradingView daily chart. The pennant breakout structure remained intact as ENA price defended the $2.23 support zone, though the weakening RSI reading introduced caution before another resistance challenge. The indicator reached 52.64 while its moving average stood higher at around 54.59, still sitting in positive territory despite trending downward amid subdued buying activity.
As reported by AMBCrypto, a solid move above $2.431 would solidify the breakout and create opportunities to move higher to $3.00, requiring buyers to absorb exchange inflows while maintaining current institutional and derivatives support. Alternatively, losing the $2.23 support would weaken the breakout structure and expose the $2.00 price level. The analysis emphasizes that price confirmation remains necessary before bullish positioning translates into sustained price expansion, with the current institutional activity and derivatives positioning continuing to favor the bullish side.
