$SUI Whale dumped 8 million tokens! Is 3.8 dollars a golden pit or a mass grave?
1. Latest news!
1. SUI's four-hour chart is a high-altitude tightrope walk; on-chain data shows that a small exchange's programmatic liquidation triggered a crash, with 510 million dollars evaporating in an instant,
2. The exchange directly pulled the plug! The whale turned around and pulled back to 2.4 dollars to create a 'Heaven and Earth Gate', just as the bulls called for bottom fishing, the bears countered with a zero warning—this magical drama in the crypto world never lacks attendance!
3. What's harsher is that on-chain evidence shows a certain whale frantically dumped 8 million SUI on Binance in the early morning, then flipped to make an 800,000 dollar short position on OK.. playing a lethal game!
2. Technical aspects!
1. MACD death cross: DIF (0.108) and DEA (0.143) are stuck at the zero axis, lying dead; MACD bars (-0.0706) are green to the point of panic. Veteran traders understand—death cross below the zero axis has a 95% historical probability of crashing! Last year, SUI also collapsed to 1.2 dollars in this manner!
2. Trading volume indicates danger: The current four-hour volume is 275,000, not even enough to cover the tails of the 5-day average volume (50.99 million), but on-chain exchange net inflow surged by 150%, Bybit's borrowing for short positions broke records! Translated into plain language: Retail investors are bottom fishing, while the whale fills the explosives!
3. Magical double news: In the morning, SUI officially announced a partnership with a certain public chain, the price pulsed and collapsed in 3 minutes; in the afternoon, a vulnerability in the SUI mainnet was exposed, causing the price to plummet another 30%. This market has gone crazy to the point where 'good news is used as toilet paper, bad news as a nuclear bomb'!
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