Sui Price Falls 4% as Heavy Selling Pressure and Long Liquidations Hit Market
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最新报道：Sui's (SUI) token price dropped 4% amid market volatility, swinging between $3.98 and $3.69 with institutional trading volume reaching 35.3 million units. Despite initial gains, resistance at $3.97-$3.98 triggered corporate selling, pushing prices down 5% from opening levels. Derivatives markets saw long positions unwind, with open interest falling 15% to $1.79B and funding rates dropping sharply. While underperforming the broader crypto market, SUI remains up 5% weekly and 9% monthly, buoyed by recent institutional adoption from Swiss banks Sygnum and Amina. Profit-taking may be contributing to current selling pressure.
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