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SUI liquidations on Bybit signal bearish pressure for SUI/USDT

SUI/USDT showed a long liquidation on Bybit, totaling about $99.54K at around $3.74. This highlights bearish pressure as traders who held long positions faced forced exits. The move suggests sellers are active and price may struggle to sustain a rally in the near term. Keep an eye on order flow and key support levels around the recent lows.
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Analysis

The liquidation indicates liquidity is being pulled from long positions, which is a sign of negative market sentiment for SUI/USDT in the near term. If the price fails to rebound from current support, further downside momentum could develop, attracting additional sellers or forcing capitulation from weak hands.

Key factors to watch include macro sentiment for altcoins, overall Bitcoin/ETH strength, and any development updates around SUI that could alter risk perception. If fresh negative catalysts emerge or momentum stays negative, the downside could extend to nearby support zones.

Historically, liquidations at higher timeframes can precede a bounce, but that depends on demand returning and a shift in market psychology. Until there is clear buying interest or a stabilizing price action, risk remains tilted to the downside for short-term traders.

Recommendation

Stay cautious on long entries until price action shows constructive signs. Consider reducing exposure if you are long and price breaches recent support with high volume. If you prefer a tactical approach, wait for a clear bounce and a test of a defined resistance level before considering new longs. For shorts, only engage with proper risk controls and defined stop-loss levels tied to recent highs or liquidity zones.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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