$SUI WARNING: THE SPOT WALL JUST BROKE
If you have been riding $SUI on the back of strong spot accumulation, pay close attention to this data shift!
Spot Has Turned RED: The spot buyers who were soaking up every dip have officially stepped aside. Spot flows are now negative on the 5m, 15m, 30m, 1H, and 4H charts (-$645K on the 1H).
Perps Are Bleeding: Futures traders are continuing to dump leverage, shedding -$6.11M on the 4H and -$1.75M on the 1H.
The Fake-Out Warning: You might see a small green push on the 5-minute chart (+$527K on perps), but spot is literally dumping right into it!
Both sides of the market are distributing capital right now. Protect your profits and wait for spot accumulation to return before looking for long setups!
#SUIUSDT
If you have been riding $SUI on the back of strong spot accumulation, pay close attention to this data shift!
Spot Has Turned RED: The spot buyers who were soaking up every dip have officially stepped aside. Spot flows are now negative on the 5m, 15m, 30m, 1H, and 4H charts (-$645K on the 1H).
Perps Are Bleeding: Futures traders are continuing to dump leverage, shedding -$6.11M on the 4H and -$1.75M on the 1H.
The Fake-Out Warning: You might see a small green push on the 5-minute chart (+$527K on perps), but spot is literally dumping right into it!
Both sides of the market are distributing capital right now. Protect your profits and wait for spot accumulation to return before looking for long setups!
#SUIUSDT
