2025-12-06 04:25:29

SUI's leveraged ETF debut on Nasdaq didn't go as planned. The 2x product (TXXS) launched, but $SUI dropped 2.4% in a textbook "sell the news" scenario.

Looks like early hype couldn't sustain momentum. Profit-takers jumped in right after the listing, and the technicals aren't helping either. Price got rejected hard at the $1.77 Fibonacci level while RSI sits at a lukewarm 43—hardly bullish territory.

Broader market sentiment isn't doing any favors. The Fear & Greed Index is stuck at 25 (extreme fear zone), and Bitcoin dominance has climbed to 58.67%, suggesting money's rotating back to safer bets. When risk appetite dries up like this, altcoin ETFs usually struggle to gain traction regardless of the product structure.

SUI1.89%

BTC0.1%

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UncleWhale

· 20h ago

Same old story: after all the good news is out, they run away. This SUI wave is a textbook case of "priced-in negative news."

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SellTheBounce

· 20h ago

Same old story: when all the good news is out, it turns into bad news. This time SUI couldn't escape the "news death" fate either—there's always a lower point waiting for bagholders.

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ReverseTrendSister

· 20h ago

Another classic case of "buy the rumor, sell the news." SUI’s move this time is just wild... --- Ironic, the ETF goes live and instead the market tanks. Who can handle this? --- RSI is only 43, and you still expect it to go up? LOL, getting in now is just being a bagholder. --- Bitcoin is sucking up 58.67% dominance. Unless there's a miracle, the small caps are doomed. --- You still want to speculate on altcoin ETFs in an extreme fear zone? Wake up, everyone. --- This "sell the news" trick—someone falls for it every time... --- If $1.77 doesn’t break, it just means the big players never intended to pump it. Is this it? --- Market sentiment is this bad and you still expect altcoins to rise? Keep dreaming.

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ChainMaskedRider

· 20h ago

Same old story, news comes and the market dumps. This time, SUI’s Nasdaq debut really backfired. With such heavy selling pressure and no support from the technicals, I really can't figure out what the market is thinking. Fear index at 25, Bitcoin dominates nearly 60% of the liquidity... To put it bluntly, nobody dares to touch altcoins now, and no ETF structure can save them.

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