Looking at the trading activity, this position would have cleared out completely if $SUI had sustained above the $1 mark. The price level acting as a critical resistance point really shaped how the liquidation cascade played out. It's a textbook example of how thin order books can amplify volatility when key technical levels get tested.

SUI0.56%
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GateUser-00be86fcvip
· 5h ago
SUI almost broke 1, really a pity. If this liquidation cascade had successfully broken the support level, it would have completely exploded.
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FlashLoanLarryvip
· 5h ago
ngl, $1 resistance doing exactly what it's supposed to—thin books just make it *chef's kiss* predictable. thesis validated once again
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YieldHuntervip
· 6h ago
tbh the $1 level was basically a liq trap waiting to happen... if you look at the data on sui's orderbook depth, it was criminally thin there. that's not volatility, that's just poor liquidity design lol
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BTCWaveRidervip
· 6h ago
SUI is just a little short, 1 USD is really the critical threshold.
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