Massive Short Liquidation on $SUI

$10.59K Liquidated at $5.2320.

In a shocking turn of events, has witnessed a significant short squeeze, with a whopping $10.59K worth of positions liquidated at the price point of $5.29489.

This could mark the beginning of a major shift in the price action for this token.

Details:

Liquidation Amount: $10,590

Price at Liquidation: $5.29489

Impact: This liquidation could trigger more volatility in the $SUI market, potentially driving prices higher as short positions are forced to close out.

What this means for traders: This is a classic example of how a short squeeze can amplify price moves in an asset. Traders who were betting on $SUI’s price decline have been caught off guard as the price surged past the liquidation trigger, causing a domino effect in the market.

Be cautious the market could experience more volatility in the coming hours as more short positions get liquidated or adjusted. If you're in the market, keep an eye on key levels and set your stop-loss to manage risk.

Will this trend continue, or is this just a temporary spike? Only time will tell, but one thing is clear $SUI price action is heating up.

Stay tuned for more updates and trade wisely

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