🔴 The Shanzhai Season: 92% Are Rising—Why is $SUI Dropping -4.5%?
Right now, most of the shanzhai coins in the market are rising sharply along with BTC. But with SUI holding the title of a Hot List Top 9, it’s still stubbornly moving downward—down 4.5%, falling to $0.765.
What’s interesting is this: the open interest (OI) is as high as 130 million SUI, and it hasn’t shrunk at all. This suggests the longs haven’t retreated. It’s more like the shorts are actively putting pressure while the longs are holding the line—both sides are fiercely battling at this level.
The funding rate is +0.01%, which is extremely low and neutral—there’s no obvious signal of longs being overheated or shorts taking control. The overall structure is in a "waiting for direction" state.
In simple terms: SUI’s under pressure despite the broader market backdrop being strong, and since OI hasn’t decreased, the battle over positioning is still ongoing. The direction choice may come soon.
⚠️ The risk of a high-level battle structure isn’t low—pay attention to position management and set stops.
Click the small card below to quickly check the行情👇
#SUI #山寨季 #Long-Short Battle
Right now, most of the shanzhai coins in the market are rising sharply along with BTC. But with SUI holding the title of a Hot List Top 9, it’s still stubbornly moving downward—down 4.5%, falling to $0.765.
What’s interesting is this: the open interest (OI) is as high as 130 million SUI, and it hasn’t shrunk at all. This suggests the longs haven’t retreated. It’s more like the shorts are actively putting pressure while the longs are holding the line—both sides are fiercely battling at this level.
The funding rate is +0.01%, which is extremely low and neutral—there’s no obvious signal of longs being overheated or shorts taking control. The overall structure is in a "waiting for direction" state.
In simple terms: SUI’s under pressure despite the broader market backdrop being strong, and since OI hasn’t decreased, the battle over positioning is still ongoing. The direction choice may come soon.
⚠️ The risk of a high-level battle structure isn’t low—pay attention to position management and set stops.
Click the small card below to quickly check the行情👇
#SUI #山寨季 #Long-Short Battle
