SUI Defies Market Trends as Open Interest Tops $1B Amid Price Surge
SUI has emerged as one of this week’s top-performing cryptocurrencies, bucking broader market trends with a sustained bullish rally. The asset’s open interest has surged back above the $1 billion mark, signaling renewed institutional confidence. Earlier this year, SUI’s open interest hit a record $1.56 billion on January 19 before cooling to $500 million during Q1’s market downturn.
The resurgence gained momentum this Wednesday, with open interest climbing to $1.3 billion at press time. This recovery suggests potential for further upside, mirroring the token’s price action that continues to defy expectations. Market analysts note the open interest rebound aligns with SUI’s price revival, creating a self-reinforcing cycle of liquidity and trading activity.
