Sui's price plummeted nearly 13% to $1.55, echoing the widespread sell-off in the cryptocurrency market, with Bitcoin falling below $93,000 and over $680 million in long positions being liquidated. The risk-off sentiment triggered by the US tariff threats against Europe intensified the decline, putting traditional markets under pressure as well. From a technical perspective, Sui broke below a key support level. Analysts pointed out that if it fails to hold at $1.65, the price could further decline to $1.40. However, some traders believe that this drop represents liquidity flowing into key demand zones, and if Bitcoin stabilizes, it could lay the groundwork for a future rebound.
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Sui's price plummeted nearly 13% to $1.55, echoing the widespread sell-off in the cryptocurrency market, with Bitcoin falling below $93,000 and over $680 million in long positions being liquidated. The risk-off sentiment triggered by the US tariff threats against Europe intensified the decline, putting traditional markets under pressure as well. From a technical perspective, Sui broke below a key support level. Analysts pointed out that if it fails to hold at $1.65, the price could further decline to $1.40. However, some traders believe that this drop represents liquidity flowing into key demand zones, and if Bitcoin stabilizes, it could lay the groundwork for a future rebound.