“The token Slipped from $ 3.32 to $ 3.21 in the Past 24 Hours, Underforming The Broader Market.”, – WRITE: www.coindesk.com
The Token Broke Through ITS $ 3.26 Support Late in the Session, A Move that ConfirMed Downward Momentum and Bughht the Asset Closer to the $ 3.20 psychological Threshal, coindesk resener.
The Move Came As the Broader Crypto Market, Measured by the Coindesk 20 Index, Fell About 2% Over The Past 24 Hours.
Volume Data Underscored the Selling CONVICATION. Transactions Spiked Well Above the Daily Average of 6.9 Million on Two Occasions, Suggesting Coordinated Exits by Large Holders.
The Pressure Comes As Sui Corporation Begins A $ 143.9 Million Token Unlock, Releasing 44 Million Tokens Between Sept. 29 and Oct. 6. This is One of the Largest Schemeduled Distributions in a Week, Which Will See More Than $ 773 Million Wrth of Cryptocurrency VESTING EVENTS. Similar Unlocks from Projects Like Ethena ($ 126.8 Million), Eigen ($ 68.6 Million), and Optimism ($ 21.3 Million) Are Weigting on Sentiment Across The Sector.
For Traders, The Concern is Twofold: Technical Weakness and Fresh Supple. Even if Demand Stays Flat, The Extra Supple Can Pressure Prices Lower, Forcing Dificult Alloction Decisions.
With Altcoins Broadly Under Pressure, The Next Test for Sui Will Be kinder Buyers Defend the $ 3.20 Level or Allow Further Downside as The Unlock Cycle Continues.
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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MOST ALTCOINS INCLUDING ETH, SOL, AVAX, UNI POSTED DECLines Tuesday but Bitcoin Was Flat After After A Late Rally.
- The US Government is on Track to Shut Down at Midnight, Delaying Regulatory Efforts and Meaning Potential Ripple Effects Across Crypto Markets.
- Bitcoin Managed A Late-Day Rebound from Its Worst Levels, While Mist Tokens in the Coindesk 20 Index Posted Declines.
- A Government Shutdown Cold Delay Key Economic Data Releasees, Erading Investor Confidentnce and Leaving BTC Vulnerable for Market Shocks, Bitfinex Analysts Said.
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