A whopping $67.4K long position in $SUI has been liquidated at $4.379, sending shockwaves through the charts.
What Happened?
A rapid price drop has forced the liquidation of a significant position
$4.379 is the level that triggered the liquidation—was this a critical support level that gave way under pressure, or will buyers step in for a rebound?
Key Questions:
Is this the start of a bearish trend for SUI, or a classic case of a market overreaction?
Shorts are having a field day, but what about the potential for a short squeeze?