SUI has experienced an impressive price rally, rising nearly 20% in just two days. This surge marks the continuation of a near three-week uptrend fueled by rising interest from SUI enthusiasts.
As the market shows growing optimism, the altcoin has caught the attention of investors, setting the stage for further price movement.
SUI Traders Are Hopeful Of Gains
The Open Interest in SUI has surged by 28% in just 48 hours, jumping from $1.42 billion to $1.82 billion. This $400 million increase signals a growing interest in the Futures market, with traders eager to capitalize on the altcoin’s bullish momentum.
The positive funding rate further supports this outlook, indicating that long positions are dominating short positions. This suggests that traders expect the price of SUI to continue rising, contributing to the overall bullish sentiment surrounding the coin.
The rising Open Interest and positive funding rate indicate that more capital is flowing into SUI, reinforcing its position in the market. As more traders take long positions, this momentum could propel the price even further, creating a positive feedback loop.
Technical indicators also support SUI’s overall macro momentum. The Chaikin Money Flow (CMF) is currently at a near four-month high, signaling that inflows are outweighing outflows.
This uptick suggests that investors are actively seeking to capitalize on the rising price of SUI, further driving demand.
As more capital enters the market, SUI’s upward momentum could continue, pushing its price higher. The increase in the CMF reflects the broader market’s positive sentiment and suggests that the altcoin’s rally is supported by strong investor confidence.
SUI’s price has risen by nearly 20% in the last 48 hours, trading at $3.96 at the time of writing. The altcoin is now approaching the key resistance level of $4.05.
Successfully breaching this barrier would help maintain the nearly three-week uptrend and could set the stage for further price gains. This level is crucial for the continuation of the rally.
If SUI manages to flip $4.05 into support, it would open the door to further upward movement. The next potential targets would be $4.79 or even higher, with $5.00 becoming a realistic possibility.
A sustained rally beyond this point would signal strong bullish sentiment and further price appreciation.
However, if SUI fails to breach $4.05 and experiences a reversal, it could drop to $3.59. Losing this support level would indicate a potential weakening of the bullish momentum, with the price potentially falling to $3.18.
If this happens, it would invalidate the current uptrend and shift the market sentiment towards a bearish outlook.
Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see what experts say about Bitcoin’s (BTC) price amid recovery efforts. The status of Bitcoin as a hedge against inflation and economic uncertainty is progressively becoming questionable, with institutional influence adding to the concerns.
Can Strategy’s $555 Million BTC Purchase Send Bitcoin Past $90,000?
Michael Saylor, the chairman of Strategy (formerly MicroStrategy), revealed the firm’s latest Bitcoin purchase, comprising 6,556 BTC tokens worth approximately $555.8 million. With this, the firm has attained a Bitcoin yield of 12.1% year-to-date (YTD) in 2025.
“MSTR has acquired 6,556 BTC for ~$555.8 million at ~$84,785 per bitcoin and has achieved BTC Yield of 12.1% YTD 2025. As of 4/20/2025, Strategy holds 538,200 BTC acquired for ~$36.47 billion at ~$67,766 per bitcoin,” Saylor shared.
Strategy uses the Bitcoin Yield YTD to measure the BTC holdings per share increase. This model has been a key part of their financial strategy firm since their first Bitcoin purchase in August 2020.
This acquisition aligns with a bullish market sentiment for Bitcoin, which is steadily nearing the $90,000 milestone, as the recent US Crypto News indicated.
Despite a mild recovery in Bitcoin prices this week, up by over 3% in the last 24 hours, it is worth noting that Bitcoin is highly sensitive to economic indicators.
Similarly, the global market is highly sensitive to monetary policies set by major economies, particularly the US. BeInCrypto contacted Paybis founder and CEO Innokenty Isers for insights on the current market outlook, particularly for Bitcoin.
“Given the strong concentration of investors in technology stocks, shifts in trade policies and government interventions that influence key indices like the Nasdaq Composite create ripple effects across financial markets,” Isers told BeInCrypto.
“With its relatively higher volatility, risk-averse investors may favor alternative inflation hedges instead of Bitcoin,” he added.
Iners expressed cognizance of the longer stretch of the trade war and the potential inflation that will emerge. Based on this, he noted that capital allocation to Bitcoin as a hedge against economic instability might be reduced.
Strategy’s Stock Premium Narrows as Bitcoin Hype Cools
Meanwhile, Strategy has seen a significant shift in its stock valuation dynamics over the past year. Saylor recently revealed that as of Q1 2025, over 13,000 institutions and 814,000 retail accounts held MSTR directly.
“An estimated 55 million beneficiaries have indirect exposure through ETFs, mutual funds, pensions, and insurance portfolios,” Saylor added.
According to data on Bitcointreasuries.net, the premium investors once paid for exposure to its Bitcoin holdings has notably narrowed.
Specifically, the NAV multiplier, a measure of how much the stock trades above the value of Strategy’s Bitcoin assets, has decreased compared to last year. This indicates that MSTR is now trading closer to the actual value of its Bitcoin reserves.
In 2024, investors were willing to pay a substantial premium for MSTR shares, driven by Bitcoin’s hype and MicroStrategy’s aggressive accumulation strategy.
“I don’t know if buying strategy equity is a good idea for the government. The stock would just pump, and it’s likely trading at a premium over NAV with a higher risk profile. Also, I believe the gov will find it difficult to find institutions that would be willing to sell their BTC in large quantities,” an analyst said recently.
The shrinking NAV multiplier suggests a more cautious market sentiment. Analysts believe this reflects a shift toward valuing MicroStrategy based on its fundamentals rather than speculative Bitcoin enthusiasm.
This suggests a maturing market approach to the company’s unique investment strategy.
This chart shows how Strategy’s stock price (blue) moves with Bitcoin price (orange). When Bitcoin goes up, MicroStrategy usually follows, but it swings even more.
However, the NAV multiplier has narrowed compared to last year, meaning MicroStrategy’s stock is now trading closer to the actual value of its Bitcoin holdings.
Last year, investors paid a bigger premium for exposure to MSTR, but that gap has shrunk. This suggests a more cautious sentiment or a shift toward valuing the company based on fundamentals rather than just Bitcoin hype.
Accumulation signals from whale activity and consolidation at $0.60 indicate a possible rally for Pi Network, despite concerns about the lack of exchange listings and use cases.
