$SUI token were liquidated at the price of $4.830.
What It Means
1. Liquidation: Liquidation occurs when a trader's position is automatically closed due to insufficient collateral to cover losses.
In this case, traders who were shorting $SUI (betting that its price would go lower) had their positions forcibly closed as the price of SUI increased to $4.830.
2. Short Position:
A short position involves borrowing an asset (like $SUI ) to sell it at a higher price, intending to buy it back at a lower price later.
If the price increases instead of decreasing, the trader incurs losses.
In extreme cases, liquidation is triggered.
3. Impact of $206K Liquidation:
This is a significant amount for a single liquidation. It reflects increased buying pressure, potentially causing further upward movement in SUI's price.
The event also suggests that SUI’s price was more volatile, potentially driven by news, market sentiment, or whale activity.
Professional Analysis Implications
