SUI has something going on this time.
In the 15m timeframe, it directly pulled out a volume of 3.5x. Price broke above the upper band of the past 20 5m candles. The buy-sell ratio climbed to 2.08, and the active trades were short by 35%—clearly, someone is propping it up from below.
More importantly, there’s the OI—abnormal percentile at 98.6%, the second highest in the whole pool. It hasn’t dropped for several consecutive cycles. This isn’t some fake breakout where they just run after a quick pump; fresh leverage longs are entering.
The funding rate is already at a high percentile recently. There are plenty of people chasing longs, but I don’t see obvious liquidation pressure. The structure still leans toward bullish.
With a 24h trading volume of 184M, it can hold up—as long as it doesn’t quickly swallow back this 15m move, the short-term bullish logic remains.
Just don’t get too carried away—when the funding rate is high, volatility is more likely.
In the 15m timeframe, it directly pulled out a volume of 3.5x. Price broke above the upper band of the past 20 5m candles. The buy-sell ratio climbed to 2.08, and the active trades were short by 35%—clearly, someone is propping it up from below.
More importantly, there’s the OI—abnormal percentile at 98.6%, the second highest in the whole pool. It hasn’t dropped for several consecutive cycles. This isn’t some fake breakout where they just run after a quick pump; fresh leverage longs are entering.
The funding rate is already at a high percentile recently. There are plenty of people chasing longs, but I don’t see obvious liquidation pressure. The structure still leans toward bullish.
With a 24h trading volume of 184M, it can hold up—as long as it doesn’t quickly swallow back this 15m move, the short-term bullish logic remains.
Just don’t get too carried away—when the funding rate is high, volatility is more likely.