!!! $62.8K Destroyed in a Flash in $SUI !!!
!!! Crypto markets are ruthless !!!
The coin just saw a $62.8K long position completely liquidated at the price of $4.164. As $SUI took an unexpected dive, leaving behind the trader with nothing.
The $62.8K liquidation is a painful reminder that crypto isn’t forgiving. A single wrong move or a sudden price drop can wipe out all amount of capital in a flash.
It does not matter how confident you are, if market moves against you, you could lose it all.
In current scenario the trader was riding high on a long position, hoping for a rise, but instead, hitted with a brutal correction which wiped out his entire position.
The lesson here is simple: consider proper risk management by using techniques like stop-loss, position sizing, and a clear exit strategy.
In crypto, the price can always vary. Stay cautious, disciplined, and take risk that you can afford.