🚨 SUI surges 30% in a week! Bears get crushed—Is the rally not over yet?🔥
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SUI suddenly accelerated.🔥
During the latest squeeze on short positions in the crypto market, SUI’s single-day gain reached as high as 21.4%. Over the past few days, it’s accumulated gains of roughly 30%, reclaiming $1 and touching its highest level since May 2026. But this move isn’t driven by market sentiment alone.
First, look at the most direct catalyst:
After Bitcoin pushed toward the $85,000 area, the entire crypto market saw a large-scale liquidation of shorts. In the past 24 hours, liquidation totaled about $740 million, of which roughly $650 million came from shorts.
A large number of shorts were forced to close, creating a wave of aggressive, forced buying—and giving high-volatility altcoins like SUI extra momentum.🚀
More importantly, SUI’s own derivatives data is also starting to heat up.
SUI futures open interest rose by about 28.9% in a short period, reaching $402 million.
At the same time as prices climbed, open interest also increased noticeably, suggesting that the market isn’t only seeing short covering—new leveraged funds are also entering.
In other words, this rally has shifted from “a short squeeze” to “a fresh battle between long and short positioning.”
Fundamentals also have a few things worth noting.👀
At present, SUI ecosystem DeFi total value locked is around $480 million to $550 million. Stablecoin market cap is about $475 million, and there are roughly 129,000 active addresses.
In addition, the Sui Basecamp conference will be held in Singapore from October 7 to 8. The market is watching for any new developments that may be announced during the event, including areas such as sponsored payments, confidential transfers, and related directions.
So what the market is focused on now isn’t just whether SUI can go up.
It’s whether this influx of capital and ecosystem buzz can be sustained.
From a technical standpoint, $0.9725 is an important level. If price can continue to hold above it, the next areas the market may watch include $1.037, $1.16, and higher levels.
However, if it falls back below $0.9542, the current higher-high and higher-low structure could be disrupted.⚠️
One more risk to keep in mind:
SUI futures open interest is rising rapidly, which means leverage is increasing too.
Leverage can amplify gains—and it can just as easily amplify pullbacks.
Click your avatar to join the Jiujiu chat group for daily strategy🚀
#SUİ #SUİ #defi
Group: 点击进入玖玖的粉丝群
SUI suddenly accelerated.🔥
During the latest squeeze on short positions in the crypto market, SUI’s single-day gain reached as high as 21.4%. Over the past few days, it’s accumulated gains of roughly 30%, reclaiming $1 and touching its highest level since May 2026. But this move isn’t driven by market sentiment alone.
First, look at the most direct catalyst:
After Bitcoin pushed toward the $85,000 area, the entire crypto market saw a large-scale liquidation of shorts. In the past 24 hours, liquidation totaled about $740 million, of which roughly $650 million came from shorts.
A large number of shorts were forced to close, creating a wave of aggressive, forced buying—and giving high-volatility altcoins like SUI extra momentum.🚀
More importantly, SUI’s own derivatives data is also starting to heat up.
SUI futures open interest rose by about 28.9% in a short period, reaching $402 million.
At the same time as prices climbed, open interest also increased noticeably, suggesting that the market isn’t only seeing short covering—new leveraged funds are also entering.
In other words, this rally has shifted from “a short squeeze” to “a fresh battle between long and short positioning.”
Fundamentals also have a few things worth noting.👀
At present, SUI ecosystem DeFi total value locked is around $480 million to $550 million. Stablecoin market cap is about $475 million, and there are roughly 129,000 active addresses.
In addition, the Sui Basecamp conference will be held in Singapore from October 7 to 8. The market is watching for any new developments that may be announced during the event, including areas such as sponsored payments, confidential transfers, and related directions.
So what the market is focused on now isn’t just whether SUI can go up.
It’s whether this influx of capital and ecosystem buzz can be sustained.
From a technical standpoint, $0.9725 is an important level. If price can continue to hold above it, the next areas the market may watch include $1.037, $1.16, and higher levels.
However, if it falls back below $0.9542, the current higher-high and higher-low structure could be disrupted.⚠️
One more risk to keep in mind:
SUI futures open interest is rising rapidly, which means leverage is increasing too.
Leverage can amplify gains—and it can just as easily amplify pullbacks.
Click your avatar to join the Jiujiu chat group for daily strategy🚀
#SUİ #SUİ #defi
