📉 $SUI hovers just above its 24h low at $0.7484, down -8.7% on $26.2M volume as of 14:26 UTC after giving up -1.8% in the past hour.
Positioning shows an active tension: 68% of accounts hold long (a 2.11 ratio), even as shorts pay funding with the rate negative at -0.0010% and open interest holds at $75.1M (+1%).
Across the session range ($0.7448 to $0.8256), sellers have dominated. On the news front, per CoinMarketCap, sentiment weakened after ecosystem wallet Suiet announced it is shutting down.
Risk centers on that crowded bias: with price pressing session lows, heavily long retail positioning faces forced liquidation if the $0.7448 floor gives way.
Shorts are paying funding to press the lows while most accounts stay long: which side looks more vulnerable to you?
Mover Desk · numbers, not hype
#SUI #Crypto #Binance #Futures
Not financial advice. DYOR.
Positioning shows an active tension: 68% of accounts hold long (a 2.11 ratio), even as shorts pay funding with the rate negative at -0.0010% and open interest holds at $75.1M (+1%).
Across the session range ($0.7448 to $0.8256), sellers have dominated. On the news front, per CoinMarketCap, sentiment weakened after ecosystem wallet Suiet announced it is shutting down.
Risk centers on that crowded bias: with price pressing session lows, heavily long retail positioning faces forced liquidation if the $0.7448 floor gives way.
Shorts are paying funding to press the lows while most accounts stay long: which side looks more vulnerable to you?
Mover Desk · numbers, not hype
#SUI #Crypto #Binance #Futures
Not financial advice. DYOR.
