SUI Nears Critical Liquidation Zone: $144M in Shorts at Risk if Price Rallies to $1.74
SUI's price is approaching a pivotal threshold where $143.9 million in short positions could face liquidation if the token rallies toward $1.74. Analysts note an asymmetric risk landscape, with only $25.7 million in long positions exposed at the $0.72 support level. This lopsided positioning suggests traders are over-leveraged on the downside, creating potential fuel for a powerful short squeeze.
Technical charts reveal sui remains entrenched in a corrective phase following its parabolic ascent from sub-$0.50 levels to its $4.20 all-time high earlier this cycle. The token now trades at $0.97—well below its 20-week moving average of $1.68—as distribution pressure persists. Market observers warn that liquidation clusters often act as gravitational points in crypto markets, where breached levels can trigger accelerated price movements and volatility.
