LITUSDLIT / TetherUS PERPETUAL CONTRACTBINANCE:LITUSDT.PolliecoughlandThe best Ethereum (arbitum) perpetuals exchange with tradfi derivitaves offered Can't understand why this is down so much... Long term gem and should solidify itself as the Eth L2s performant perp dex first mover... Though there is room for a few of these.. (funding, arbitrage etc) It has a relatively low market cap ranking for what it is (well below aster (binance perpdex) But obviously isnt an L1 or modular so cant really be compared with hyperliquid. Technically speaking the chart looks to have performed a 3 drives down to the 1.618. I guess that would be mostly panic selling and long liquidations given the markets precarious positioning right now.. mid decline/recovery phase for a lot of alts right now... Btc is relatively undisturbed however still at 95k this would be due to the institutonal etfs that bought for long term holding at various small fractions mostly.. so its not the traditonal market psycology halving driven fomo waves like we used to see.. All that being said this looks like a great place to get some LIT exposure before the upcoming fomc on the 26-27 of january where rates are expected to change. This could see a massive % increase during that period if fear is no longer the driving force behind the market price action. Watch for a downtrend break and recovery of the 1.618 for long triggers..