You think SUI is bottoming out? It's just catching its breath, preparing for the next deep dive.

Let me give you some data; after hearing this, your long positions might not be stable.
Currently, at this sideways range of 0.94, the bears are 5.6 times the bulls. What does that mean? It means five and a half people are shorting around you, and only you are going long.
Look at the chip stack. 352 big whales have an average cost of 1.06; their short positions are comfortably opened, now with an unrealized profit of 11 points, earning interest while lying down every day.
Additionally, 91 big whales have an average cost of 1.25; they are trapped solidly, with a floating loss of 25%, and every day their accounts show green.
Think about it—if you were the market maker, would you spend real money to push the price up?
Pushing it up, first giving money to those at 1.06, then helping those at 1.25 to get out of their positions. Isn’t that just charity?
Here's an even more ruthless data point—the open interest. 89 million contracts are locked in on the order book, unmoved for days. What does that mean? It indicates the main players haven't closed their positions; they haven't run away, but are secretly adding shorts.
The L.S. Acc indicator has already reached 2.35, with big money flowing heavily into the short side.
Most retail traders are bottom-fishing now; the number of longs and shorts looks roughly equal, but what about the amount? Your small position is just a drop in the ocean compared to the whales.
Don’t expect a V-shaped reversal. 0.955 is the ceiling; even touching 1.0 is like a red envelope for you. If you really want to catch the bottom, keep your eyes glued to 0.9235. Once that level breaks, and open interest doesn’t decrease, the next stop is 0.82, with no slowdown in sight.
Where the fish swim, you follow. Don’t use your USDT to feed the whales. $SUI ‌#Gate广场四月发帖挑战