SUI Coin Faces Liquidation Pressure on Binance Amid Market Volatility

SUI coin has experienced a significant decline of 7.07% over the past month, dropping to $3.72, which has partially reversed its earlier impressive 67.90% rally. This downward trend is attributed to a series of long liquidations occurring between the $3.90-$3.95 range, with the $3.933 level acting as a critical point for downward momentum. According to Kingfisher''s liquidation heatmap, there is limited short squeeze fuel above the current price levels, suggesting constrained rebound potential. Despite these challenges, SUI coin has seen some bullish developments, including the integration with Axelar Bridge and Phantom, which could provide future support. The current market conditions highlight the volatility and risks associated with cryptocurrency trading, particularly on platforms like Binance where such assets are actively traded.

SUI Coin Faces Liquidation Pressure Amid Market Volatility

SUI coin has tumbled 7.07% over the past month to $3.72, erasing part of its earlier 67.90% rally. The decline follows a cluster of long liquidations between $3.90-$3.95, with the $3.933 level acting as a gravitational pull for downward momentum. Kingfisher''s liquidation heatmap shows sparse short squeeze fuel above current prices, limiting rebound potential.

Despite bullish catalysts—including Axelar Bridge integration, Phantom Wallet support, Binance Alpha listing, and TVL growth—the token struggles to regain footing. The ''Great Sui Odyssey'' event on May 17th failed to sustain momentum, leaving traders questioning whether this is a healthy retracement or the start of deeper correction.

BNB Network Activity Surges 275% as Token Nears All-Time High

Binance Coin''s ecosystem is demonstrating remarkable momentum, with daily transactions exploding from 4 million to over 15 million—a 275% surge that underscores accelerating adoption. The network processed 123 million transactions during its most active week in more than a year, signaling robust demand across DeFi applications and real-world use cases.

The token''s price action mirrors this fundamental strength. Trading at $660.99, BNB hovers just 17% below its $793 peak while most altcoins remain 40%+ below their highs. Derivatives markets reflect growing conviction, with options volume doubling and total derivatives activity jumping 70% to $594.9 million.

Supply dynamics continue tightening through Binance''s burn mechanism—over 60 million BNB permanently removed, reducing circulating supply below 140 million tokens. Technical charts show consolidation above $633 support, though the $675-$695 zone presents immediate resistance with dense liquidation clusters.