SUI Attracts Significant Liquidity Influx, Long Positions At Risk Of Liquidation?

Quick Summary:

SUI has seen notable interest from investors and traders as the project has attracted a substantial influx of liquidity in the midst of rising market sentiment, underlining the growing confidence towards the crypto asset.

Although the funding rate is still negative, the platform noted that the Long-Short Ratio on Binance, the largest crypto exchange, OKX, and Bybit has begun to increase once again in the near term.

Furthermore, a similar trend has persisted over the last 7 days, with unliquidated shorts positions building up consistently while most of the long positions have been liquidated during the period.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: Hungary

Topics: SUIUSD Open interest OI OKX Bybit Crypto News Jonathen Carter Alphractal SUI Binance SUIUSDT Liquidation Pool

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 05:00:32 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23456747

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 13 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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