$SUI Liquidated Long: $61.3K Wiped Out at $3.526!

A shocking $61,300 long position on SUI got liquidated at a crucial price level of $3.526, sending a ripple through the market.

This liquidation highlights an aggressive downward move, catching over-leveraged traders off guard.

Key Takeaways:

Bearish Pressure:

$SUI has faced strong selling momentum, pushing it closer to critical support levels.

Liquidation Impact:

Such large-scale liquidations often amplify volatility, as forced selling adds to downward price pressure.

Trader Sentiment:

This event suggests a sentiment shift, with bulls losing ground as bears seize control.

With liquidations stacking up, the SUI market could see even sharper swings.

Is this a healthy correction, or is SUI heading into a deeper decline?

Eyes are on its next moves!

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