crypto 368
02/10 10:33
Why Are Traders Betting Against SUI? Adding to th
Why Are Traders Betting Against SUI?
Adding to the concerns, traders in the derivatives market are betting against SUI. The token’s funding rate, which measures the cost of keeping a position open, is currently negative at -0.01%. This suggests that short sellers, who profit when prices fall, are dominating the market.
With many traders expecting the price to keep falling, SUI could face more downward pressure in the short term. As of now, it’s trading at $3.58, showing a small 5.6% increase over the day.
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