🚨 $SEI on the BRINK! 📉

$SEI has lost a critical support level at $0.1206, and a drop to $0.0689 is now a real possibility as whales are dominating sell-offs on the spot market.

However, here's the twist: derivatives volume has exploded to $32 million with Open Interest climbing! Traders are piling on leverage as the price falls, massively increasing liquidation risk. 💥 Large orders are still active, indicating a complex mix of distribution and absorption.

If $SEI can't reclaim $0.1261, further downside pressure – or a deeper correction – is likely. This is a high-stakes moment.

#SEI #CryptoTrading #DeFi #Altcoins 🚀

SEI
SEIUSDT
0.1084
-5.32%