Crypto News (April 11, 2025) – Sui Stablecoin Inflows Skyrocket: What’s Driving the Surge?

Crypto News (April 11, 2025) – Sui’s Bullish Setup: Is $2.80 the Next Target for SUI?

Crypto News (April 11, 2025) – Sui (SUI) experienced the highest stablecoin inflows among all blockchains in the past 24 hours, with a net increase of $6.1 million. This surge in stablecoin activity is noteworthy as most other major blockchains, including Ethereum, Solana, and BNB Chain, saw significant outflows during the same period. This shift indicates potential capital rotation and hints at growing investor confidence in SUI’s short-term outlook.

Stablecoin inflows often serve as “dry powder” ready to be deployed into native assets like SUI, adding potential upward pressure on its price. Such liquidity surges could suggest an increase in on-chain activity and a growing demand for the blockchain’s native assets.

Rising Open Interest Points to Increased Speculation

Sui’s Open Interest (OI) has surged by 30.64%, bringing the total to $785.35 million. This increase highlights aggressive positioning in the derivatives market, with traders preparing for potential price volatility. Open Interest reflects speculative intent, and combined with stablecoin inflows, this often leans bullish. Therefore, the 30% rise in OI signals that traders may be expecting a decisive move in SUI.

Bullish Technical Setup: Cup and Handle Pattern Forms

SUI recently formed a classic cup and handle pattern on its daily chart, a setup commonly associated with bullish continuation. At the time of writing, SUI was trading at $2.16, up 12.82% in the last 24 hours. The key resistance level to watch is $2.23, with a breakout above this price potentially paving the way for a rise to $2.80.

Liquidations and Funding Rates Reflect Bullish Sentiment

SUI saw $860.6k in long liquidations over the last 24 hours, compared to $269.3k in shorts, indicating that overleveraged bulls were flushed out. Despite this, liquidation events often clear excessive leverage and can set the stage for a more sustainable move. Additionally, SUI’s funding rate has turned slightly positive, signaling renewed confidence from market participants.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.