Much of the liquidation pressure on $BTC occurred around the $106K zone, leading to a sharp move downward to clear leveraged positions. Such wick formations often indicate that the market is preparing for a recovery move.

For now, avoid taking aggressive short positions in major or hot pairs. Instead, if you wish to trade took longs in $SUI , consider light long entries with low leverage momentum may soon shift back to the upside as the market stabilizes.
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