SUI Market Stability Amidst Broader Crypto Fluctuations
- CopyTradia Intelligence
- May 25
- 3 min read
SUI concluded the week exhibiting a regime of SUI market stability, marked by minimal price movement over the past seven days despite a broader improvement in market sentiment. The asset's performance suggests an internal equilibrium, with its price holding steady after a notable increase over the last 30 days.
SUI Price Action and Volatility
SUI's price action over the past week showed marginal appreciation, with a +0.95% gain, contrasting with a more significant +11.53% increase over the last 30 days. This indicates a period of consolidation following a prior upward move. The asset's 7-day realized volatility stood at 61.23%, below its 90-day baseline of 75.99%, suggesting a reduction in short-term price swings. Its 30-day volatility, however, remained higher at 83.23%. SUI maintained a stable relative position against Bitcoin, with its 7-day relative performance at a near-neutral +0.0595%, following a strong +11.7170% over the last 30 days. The asset currently trades 80.28% below its all-time high, a structural anchor reflecting its long-term position. The 30-day correlation with Bitcoin is 0.6387, below its 90-day average of 0.7917, indicating some decoupling from the broader market leader.
Metric | Value |
SUI Price | $1.05 (+1.17% 24h / +0.95% 7d / +11.53% 30d) |
Volume 24h | $559.5M |
Native Quote Vol. 24h | $13.4M |
Market Cap | $4.23B |
Market Cap Rank | 26 |
Circulating Supply | 4.01B SUI |
ATH Distance | 80.28% below ATH |
Metric | Value |
SUI/BTC Ratio | 0.00001400 |
Relative Perf. 7d vs BTC | +0.06% |
Relative Perf. 30d vs BTC | +11.72% |
SUI Speculative Positioning Analysis
Speculative positioning for SUI showed a slight contraction in Open Interest over the past week, decreasing by 1.05% to $0.117 billion, yet remaining above its 90-day baseline of $0.092 billion. This suggests that while some leveraged exposure was reduced, overall participation remains elevated compared to its longer-term average. The current funding rate is positive at 0.003930%, with a 7-day cumulative rate of 0.017065%, indicating a persistent, albeit moderate, bias towards long positioning. The 30-day funding Z-score of 0.2830 confirms that funding rates are slightly above their 30-day average, but not in an extreme territory. Liquidation data for the week showed $23.0 million in long liquidations against $16.9 million in short liquidations, with long liquidations accounting for 57.6% of the total. The 30-day average liquidation profile remains balanced, with long liquidations at 61.8%, suggesting no strong directional skew in market stress. The liquidation intensity of 0.009442 indicates moderate market stress from forced closures.
Metric | Value |
Funding Rate (current) | +0.0039% |
Funding Cumul. 7d | +0.0171% |
Open Interest | $0.12B (-1.05% 7d) |
Liq. 24h Longs | $0M |
Liq. 24h Shorts | $0M |
Liq. 7d Longs | $23M |
Liq. 7d Shorts | $17M |
Metric | Value |
Realized Vol 7d | +61.23% (90d avg: +75.99%) |
Realized Vol 30d | +83.23% |
Corr. BTC 30d | 0.6387 (90d avg: 0.7917) |
Beta vs BTC | 1.9520 |
Volume Momentum | 0.8494x |
Funding Z-Score 30d | 0.28σ |
Turnover Ratio | 0.1324 |
Liq. Intensity | 0.00944 |
Monitoring Conditions for SUI
Monitoring conditions for the upcoming week include observing whether SUI's 7-day realized volatility remains below its 90-day baseline, which would confirm a continued period of reduced price oscillation. A sustained Open Interest above its 90-day average, coupled with stable funding rates, would indicate continued, albeit not aggressively expanding, leveraged participation. Additionally, the upcoming macro schedule, featuring the Core PCE Price Index, Prelim GDP data, and Unemployment Claims on May 28th, could introduce external volatility. A significant deviation from forecasts in these economic indicators might influence broader crypto market sentiment, potentially impacting SUI's current relative stability or its correlation with Bitcoin.
Indicator | Value | Variation |
Broad Dollar Index | 119.28 | flat (7d) |
US 10Y Yield | 4.57% | -0.04pp (7d) |
Fed Balance Sheet | $6714B | -$14,859M (7d) |
M2 Money Supply | $22,686B | +$58.7B (1m) |
Fear & Greed | 30 (Fear) | +5 pts (7d) |
Fear & Greed Index: Alternative.me
Sui Weekly Takeaway
SUI concludes the week in an internally coherent regime characterized by price consolidation and reduced short-term volatility, even as leveraged interest remains above its longer-term average. The asset's ability to maintain its gains from the prior month while exhibiting neutral relative performance against Bitcoin suggests a period where internal dynamics are more dominant than external market impulses. For a swing trader, this implies a market currently lacking strong directional conviction from either spot or leveraged participants, operating within a tighter range of price movement.
Disclaimer
This article provides a fundamental analysis of SUI's market dynamics and should not be construed as investment advice or a recommendation to buy or sell any asset.
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