CETUS, as the largest DEX on the Sui chain (equivalent to Sui version of Uniswap V3), is strongly linked to SUI prices. The main reason for this round of sharp decline is extremely thin liquidity + large orders selling off, directly triggering a large number of leveraged long positions to be liquidated + stop-loss chain reactions, forming a panic sell-off. Combined with the historical "black swan" shadow (last year's severe hacker attack led to a collapse of trust, although compensation has been made, the market still has a "once bitten, twice shy" mentality), every false breakout is easily followed by rapid capital exit. Technically looking: the price has retraced to the 0.020 support level, and although the trading volume is large, it is mostly a signal for short sellers to offload. If it can stop the decline quickly and stabilize at 0.0205, there may be a short-term rebound; if it continues to break down, the next support looks towards the 0.018-0.019 range. The most critical point in the short term: closely monitor the overall capital flow of the Sui ecosystem and the recovery of CETUS TVL—although the protocol is pushing new features like Margin Trading, the "old shadow" has not completely dissipated, and the risk remains high. $CETUS

CETUS

0.02032

-0.19%