SUI Jumps 30% in Six Days as Short Squeeze and Open Interest Surge
- —SUI gained up to 21.4% in 24 hours and 30.9% over six sessions
- —SUI futures open interest jumped 28.9% to about $402 million
- —Market-wide liquidations hit roughly $740 million, with $650 million in shorts
- —Key support sits at $0.9725; losing $0.9542 could send price back into the old range
Why it matters: The rally is backed by leverage and improving on-chain data, while the Sui Basecamp conference on Oct 7–8 in Singapore is cited as a near-term catalyst.
Source: CoinCentral