Sui Market Dynamics Reflect Underperformance Amidst High Volatility
- CopyTradia Intelligence
- Jun 22
- 3 min read
Sui's market dynamics this week have been characterized by significant price depreciation and elevated volatility, coupled with a notable underperformance against Bitcoin. The asset's price movements occurred within a broader crypto market sentiment of 'Extreme Fear', which continued to deteriorate.
Sui Price Action and Volatility
Sui experienced a substantial price decline, falling 10.87% over the past seven days and 28.63% over the last month, settling at a spot price of $0.73. This downward trend was accompanied by a 7-day realized volatility of 131.40%, significantly exceeding its 90-day baseline of 81.04%, indicating heightened price swings. Against Bitcoin, Sui underperformed by 5.00% over the week and 18.69% over the past 30 days, with its SUI/BTC ratio declining from 0.000012 to 0.000011. The asset maintains a high 30-day correlation to BTC at 0.8547, above its 90-day baseline of 0.7742, and a Beta of 1.549, suggesting amplified movements relative to the benchmark. Structurally, Sui remains 86.39% below its all-time high. Volume momentum, measured as 24-hour volume relative to the 7-day average, stood at 0.388, indicating a decrease in trading activity.
Metric | Value |
SUI Price | $0.73 (+2.25% 24h / -10.87% 7d / -28.63% 30d) |
Volume 24h | $366.7M |
Native Quote Vol. 24h | $4.1M |
Market Cap | $2.93B |
Market Cap Rank | 32 |
Circulating Supply | 4.03B SUI |
ATH Distance | 86.39% below ATH |
Metric | Value |
SUI/BTC Ratio | 0.00001100 |
Relative Perf. 7d vs BTC | -5.00% |
Relative Perf. 30d vs BTC | -18.69% |
Sui Speculative Positioning and Liquidations
Speculative positioning for Sui showed a contraction in leveraged exposure this week. Open Interest decreased by 4.03% over seven days to $0.068B, remaining below its 90-day baseline of $0.090B, which suggests a reduction in active derivatives participation. The current funding rate of 0.000948% and a 7-day cumulative rate of 0.008491% indicate a slight positive bias in perpetuals, yet the 30-day funding Z-score of -0.4894 points to funding rates being below their monthly average, suggesting a lack of strong bullish conviction from leveraged traders. Liquidation data for the past seven days revealed a significant skew towards long positions, with $30.0M in long liquidations accounting for 84% of the total, compared to $5.7M in short liquidations. This pattern aligns with the 30-day average, where long liquidations represent 74.6% of the total, indicating consistent pressure on leveraged long positions.
Metric | Value |
Funding Rate (current) | +0.0009% |
Funding Cumul. 7d | +0.0085% |
Open Interest | $0.07B (-4.03% 7d) |
Liq. 24h Longs | $0M |
Liq. 24h Shorts | $0M |
Liq. 7d Longs | $30M |
Liq. 7d Shorts | $6M |
Metric | Value |
Realized Vol 7d | +131.40% (90d avg: +81.04%) |
Realized Vol 30d | +91.28% |
Corr. BTC 30d | 0.8547 (90d avg: 0.7742) |
Beta vs BTC | 1.5490 |
Volume Momentum | 0.3883x |
Funding Z-Score 30d | -0.49σ |
Turnover Ratio | 0.1251 |
Liq. Intensity | 0.01218 |
Sui Monitoring Conditions for Next Week
Monitoring conditions for the upcoming week include observing whether Sui's price action can stabilize and reverse its recent downtrend, particularly if accompanied by a sustained increase in spot trading volume beyond the current low momentum. A key dynamic to watch in derivatives markets is any shift in Open Interest; a consistent increase above the 90-day baseline, especially if coupled with a positive funding Z-score, would signal renewed leveraged interest. Externally, the macro calendar presents several data releases on June 25th, including the Core PCE Price Index, Final GDP, and Unemployment Claims, which could influence broader market sentiment and interact with Sui's internal regime, given its high correlation and beta to Bitcoin.
Indicator | Value | Variation |
Broad Dollar Index | 119.51 | flat (7d) |
US 10Y Yield | 4.49% | +0.02pp (7d) |
Fed Balance Sheet | $6736B | +$11,027M (7d) |
M2 Money Supply | $22,805B | +$118.1B (1m) |
Fear & Greed | 20 (Extreme Fear) | -3 pts (7d) |
Fear & Greed Index: Alternative.me
Sui Weekly Takeaway
At week's close, Sui's internal regime is defined by high volatility and sustained underperformance relative to Bitcoin, against a backdrop of contracting leveraged interest. The consistent liquidation of long positions indicates structural pressure on bullish speculative bets. This combination of price weakness, elevated volatility, and a reduction in derivatives exposure suggests that the asset is navigating a period of significant re-evaluation by market participants, with no clear signs of an immediate shift in its dominant negative trend.
Disclaimer
This analysis of Sui's market dynamics is purely for informational purposes and does not constitute investment advice or a recommendation to buy or sell any asset.
