Derivatives data from CoinGlass shows that Sui is worth more than $17.17 million [SUI] It was withdrawn from exchanges over the past week, indicating a strong accumulation.
This trend indicates that current conditions may provide an attractive buying opportunity.
What is the main level in SUI?
The main filter chart shows that traders are currently focusing on $1,512 as the lower level and $1,694 as the upper level.
Bullish sentiment around but The market is heating up, fueled by its recent inclusion in the Bitwise 10 Crypto Index ETF (BITW), ongoing accumulation, a rise in bullish bets from traders, and a broader market recovery.
At press time, the altcoin was trading at $1.64, up 6.35%, while market participation was down compared to the previous day.
According to data from cryptocurrency price tracking website CoinMarketCap, SUI’s 24-hour trading volume fell by 22% to $831 million.
Despite higher prices, lower trading volume indicates that market participants are being cautious amid broader market trends and ongoing volatility.
SUI’s inclusion in Bitwise’s BITW ETF
The main driver of SUI’s recent rise is its addition to the Bitwise 10 Crypto Index ETF (BITW), which began trading on the NYSE Aeca on December 10, 2025.
BITW’s latest update shows an allocation of 0.24% to SUI, equivalent to $2.4 million at launch, creating new demand for the token.
Powerful traders and investors demand
Another factor driving SUI’s bullish momentum is the combination of massive accumulation and heavy bets on long positions, as seen on derivatives platform CoinGlass.
According to CoinGlass, traders are strongly leaning towards long positions. The market is over-leveraged, at the time of writing, with $1,512 set as the low and $1,694 as the high.
At these price points, traders built $17.63 million in leveraged long positions compared to $5.72 million in short positions. This imbalance highlights the strong bullish sentiment during the day and reinforces confidence in a continued rally.
Source: Coinglass
In addition to traders’ activity, long-term bondholders are showing their confidence in the asset. CoinGlass’ SUI Spot Inflow/Outflow metric reveals that over the past week, approximately $17.17 million worth of SUI has left exchanges.
This outflow, as of press time, indicates potential accumulation.
Source: Coinglass
SUI price action and upcoming levels
AMBCrypto technical analysis on the daily chart shows that SUI’s recent gains have brought it back to a key support level of $1.60.
Based on the current price action and historical patterns, if the altcoin maintains its bullish momentum and closes a daily candle above $1.75, it could see another 26% jump in price, potentially reaching $2.20.
Source: Trading View
At press time, the Average Directional Index (ADX) for SUI stands at 26.68, above the key threshold of 25, indicating strong directional momentum.
Final thoughts
- Strong SUI accumulation, ETF listing and bullish positioning highlight growing confidence despite cautious trading volume.
- A daily close above $1.75 could trigger a 26% upside, targeting the $2.20 resistance area.
