Sui just lost 30% while Samsung, Brazil and $500M in Bitcoin capital are all moving onto it.
Who's wrong? 👀
Samsung Wallet is bringing USDC on Sui to 82M phones. Mercado Bitcoin just opened Sui to 4.5M clients. Hashi is coming with $500M+ committed.
The price still fell to 0.8934. The reason is leverage: about $1.37B in perp open interest, nearly a third of its market cap.
When longs get flushed, good news doesn't matter.
0.8277 is the line. If it holds, I'm in above 0.96, targeting 1.11 then 1.29.
If it breaks, I'm out.
Are you buying the news or fearing the flush? 👇
#SUI #Layer1 #CryptoTrading $SUI
DYOR / NFA
Who's wrong? 👀
Samsung Wallet is bringing USDC on Sui to 82M phones. Mercado Bitcoin just opened Sui to 4.5M clients. Hashi is coming with $500M+ committed.
The price still fell to 0.8934. The reason is leverage: about $1.37B in perp open interest, nearly a third of its market cap.
When longs get flushed, good news doesn't matter.
0.8277 is the line. If it holds, I'm in above 0.96, targeting 1.11 then 1.29.
If it breaks, I'm out.
Are you buying the news or fearing the flush? 👇
#SUI #Layer1 #CryptoTrading $SUI
DYOR / NFA