SUI's leveraged ETF debut on Nasdaq didn't go as planned. The 2x product (TXXS) launched, but $SUI dropped 2.4% in a textbook "sell the news" scenario.
Looks like early hype couldn't sustain momentum. Profit-takers jumped in right after the listing, and the technicals aren't helping either. Price got rejected hard at the $1.77 Fibonacci level while RSI sits at a lukewarm 43—hardly bullish territory.
Broader market sentiment isn't doing any favors. The Fear & Greed Index is stuck at 25 (extreme fear zone), and Bitcoin dominance has climbed to 58.67%, suggesting money's rotating back to safer bets. When risk appetite dries up like this, altcoin ETFs usually struggle to gain traction regardless of the product structure.
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UncleWhale
· 17h ago
Same old story: after all the good news is out, they run away. This SUI wave is a textbook case of "priced-in negative news."
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SellTheBounce
· 17h ago
Same old story: when all the good news is out, it turns into bad news. This time SUI couldn't escape the "news death" fate either—there's always a lower point waiting for bagholders.
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ReverseTrendSister
· 17h ago
Another classic case of "buy the rumor, sell the news." SUI’s move this time is just wild...
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Ironic, the ETF goes live and instead the market tanks. Who can handle this?
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RSI is only 43, and you still expect it to go up? LOL, getting in now is just being a bagholder.
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Bitcoin is sucking up 58.67% dominance. Unless there's a miracle, the small caps are doomed.
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You still want to speculate on altcoin ETFs in an extreme fear zone? Wake up, everyone.
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This "sell the news" trick—someone falls for it every time...
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If $1.77 doesn’t break, it just means the big players never intended to pump it. Is this it?
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Market sentiment is this bad and you still expect altcoins to rise? Keep dreaming.
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ChainMaskedRider
· 17h ago
Same old story, news comes and the market dumps. This time, SUI’s Nasdaq debut really backfired.
With such heavy selling pressure and no support from the technicals, I really can't figure out what the market is thinking.
Fear index at 25, Bitcoin dominates nearly 60% of the liquidity... To put it bluntly, nobody dares to touch altcoins now, and no ETF structure can save them.
SUI's leveraged ETF debut on Nasdaq didn't go as planned. The 2x product (TXXS) launched, but $SUI dropped 2.4% in a textbook "sell the news" scenario.
Looks like early hype couldn't sustain momentum. Profit-takers jumped in right after the listing, and the technicals aren't helping either. Price got rejected hard at the $1.77 Fibonacci level while RSI sits at a lukewarm 43—hardly bullish territory.
Broader market sentiment isn't doing any favors. The Fear & Greed Index is stuck at 25 (extreme fear zone), and Bitcoin dominance has climbed to 58.67%, suggesting money's rotating back to safer bets. When risk appetite dries up like this, altcoin ETFs usually struggle to gain traction regardless of the product structure.