SUI is currently hovering around 0.79u. Two days ago it surged to 0.9555, then within a day it suddenly collapsed to 0.77. This peak run has essentially faded.
Let’s make the trend clear first: from the one-week low around 0.63, it rebounded by nearly 50%. Yesterday, a single big bearish candle dropped straight from 0.95 to 0.77. Now the 1-hour, 4-hour, and daily charts are all pointing down. The price is also being capped by the 15-minute moving average, and on the 4-hour side it has already moved into a “momentum exhausted” state. In plain terms, the momentum from the spike wasn’t held.
The futures market is being liquidated/cleared: open interest shrank by 5.5% over a day, and it fell into the short-side “capitulation” zone—leverage is being squeezed out. More important to watch are the on-chain metrics: spot leverage long/short ratio has been pushed to over 120x, and the lending ratio has surged sharply. With such extremely crowded leveraged longs, if price keeps grinding, volatility is likely to expand. The whales still hold about 75% longs, but over the past 7 hours they’ve been reducing positions, and big players are also taking profits.
It’s not all bad, though. In the spot 3-hour window, net inflow is positive across 12 sampled candles, and the news is also providing support—RWA products on Sui and the Aftermath perpetuals have launched, so sentiment isn’t low. The issue is: good news is still there, but price hasn’t been able to hold it, which suggests short-term funds are taking profits and the longs need to rest.
So at this level, I’m not chasing longs, and I’m not rushing to buy the dip. The key is whether the low at 0.77 can be defended—once liquidation/clearing finishes and whether capital can reconnect and support the price again. Wait for a confirmed stabilization before acting; it’s more comfortable than entering now and gambling on direction.
#sui $SUI
Let’s make the trend clear first: from the one-week low around 0.63, it rebounded by nearly 50%. Yesterday, a single big bearish candle dropped straight from 0.95 to 0.77. Now the 1-hour, 4-hour, and daily charts are all pointing down. The price is also being capped by the 15-minute moving average, and on the 4-hour side it has already moved into a “momentum exhausted” state. In plain terms, the momentum from the spike wasn’t held.
The futures market is being liquidated/cleared: open interest shrank by 5.5% over a day, and it fell into the short-side “capitulation” zone—leverage is being squeezed out. More important to watch are the on-chain metrics: spot leverage long/short ratio has been pushed to over 120x, and the lending ratio has surged sharply. With such extremely crowded leveraged longs, if price keeps grinding, volatility is likely to expand. The whales still hold about 75% longs, but over the past 7 hours they’ve been reducing positions, and big players are also taking profits.
It’s not all bad, though. In the spot 3-hour window, net inflow is positive across 12 sampled candles, and the news is also providing support—RWA products on Sui and the Aftermath perpetuals have launched, so sentiment isn’t low. The issue is: good news is still there, but price hasn’t been able to hold it, which suggests short-term funds are taking profits and the longs need to rest.
So at this level, I’m not chasing longs, and I’m not rushing to buy the dip. The key is whether the low at 0.77 can be defended—once liquidation/clearing finishes and whether capital can reconnect and support the price again. Wait for a confirmed stabilization before acting; it’s more comfortable than entering now and gambling on direction.
#sui $SUI
