Massive Short Liquidation Alert in $SUI

A staggering $11.533K worth of short positions have been liquidated at a price of $4.8720.

This sudden liquidation reveals some intense price action, causing those who were betting on a price drop to get caught off-guard. Traders who were shorting $SUI at higher levels are now facing significant losses as the price pushes higher, liquidating their positions.

Why it matters:

Liquidations like this can lead to more volatility, potentially driving the price even higher as market participants react.

The surge could signal a possible bullish momentum shift, attracting more buyers into the market.

Key Takeaways:

Short positions worth $11.5K+ wiped out at $4.85073.

This could be the start of a potential upward rally.

Short liquidations often create momentum that drives prices higher, so watch for the next moves carefully.

Traders, keep an eye on $SUI for any breakout or pullback opportunities. Are we heading for new highs.

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