SUI is dropping in a rather interesting way—within 15 minutes it’s down -0.84%. But what’s really worth noting is that the futures open interest is quietly increasing.
The price is falling while OI is rising. This isn’t a normal pullback—someone is actively adding shorts. The executed deal slippage is -47.7%, and the buy/sell ratio has dropped to just 0.35. Large orders are basically one-sided, being hit down into sell pressure. On top of that, Binance Futures’ liquidation signals are concentrated toward the short side, suggesting this round isn’t just people getting trapped—it looks more like newly added leveraged funds are pushing it.
I checked the full-pool rankings: SUI’s notional change ranks #15, and the abnormality level ranks #35 in the whole pool. It’s not at the extreme end, but combined with the fact that the 5-minute liquidation agent has already seen $196K worth of sell-side release, short-term liquidity is shrinking quickly.
So, this selloff isn’t because nobody’s buying—it’s because someone is deliberately smashing it. OI is still climbing; if the price doesn’t get back up later, the short-side chips will keep stacking up. The next key is whether there will be a high-volume bullish candle for a rebound—if not, the probability of further downside is higher.
Don’t rush—wait for the direction.
The price is falling while OI is rising. This isn’t a normal pullback—someone is actively adding shorts. The executed deal slippage is -47.7%, and the buy/sell ratio has dropped to just 0.35. Large orders are basically one-sided, being hit down into sell pressure. On top of that, Binance Futures’ liquidation signals are concentrated toward the short side, suggesting this round isn’t just people getting trapped—it looks more like newly added leveraged funds are pushing it.
I checked the full-pool rankings: SUI’s notional change ranks #15, and the abnormality level ranks #35 in the whole pool. It’s not at the extreme end, but combined with the fact that the 5-minute liquidation agent has already seen $196K worth of sell-side release, short-term liquidity is shrinking quickly.
So, this selloff isn’t because nobody’s buying—it’s because someone is deliberately smashing it. OI is still climbing; if the price doesn’t get back up later, the short-side chips will keep stacking up. The next key is whether there will be a high-volume bullish candle for a rebound—if not, the probability of further downside is higher.
Don’t rush—wait for the direction.
