November 2025 has brought significant challenges to the SUI futures market, with open interest plummeting to a monthly low of $278 million. This sharp decline reflects broader volatility in the cryptocurrency ecosystem, particularly following SUI's dramatic price action in October.
The decline in open interest coincides with SUI's price fluctuations throughout late October and early November:
| Date | SUI Price | Market Events |
|---|---|---|
| Oct 30 | $2.29 | Initial decline phase begins |
| Nov 3 | $2.07 | Significant sell pressure emerges |
| Nov 4 | $1.97 | Price hits monthly low |
| Nov 7 | $2.14 | Slight recovery begins |
The futures market contraction appears directly connected to the "extreme volatility and liquidity crunch" described in market reports. Trading volume on the Sui Chain has decreased by over 50% since early October, while the stablecoin market cap fell by 19% in the week leading to October 31.
Derivatives data indicates traders are actively avoiding leveraged positions until market conditions stabilize. The 15% reduction in open interest suggests institutional investors have temporarily withdrawn from directional bets on SUI's future price movement. For context, SUI had maintained significantly higher open interest levels throughout August and September when prices consistently traded above the $3.20 mark.
The recent shift in SUI's funding rate to negative territory at -0.01% indicates a significant bearish sentiment prevailing among traders in the cryptocurrency derivatives market. This technical indicator suggests that short position holders are becoming increasingly dominant, as they are now being paid by long position holders - a reverse of the typical market dynamic.
This bearish sentiment aligns with SUI's recent price action, which has seen a substantial decline of approximately 15% as staking balances continue to fall. The correlation between these two market indicators provides compelling evidence of waning investor confidence.
| SUI Market Indicators | Current Status | Market Implication |
|---|---|---|
| Funding Rate | -0.01% | Bearish sentiment |
| Price Movement | 15% drop | Downward pressure |
| Staking Balance | Decreasing | Reduced confidence |
The price of SUI has experienced significant volatility, falling from October highs of around $3.5 to current levels near $2.16. This represents a considerable market correction of nearly 40% within a short timeframe. Market analysts examining these trends forecast continued bearish pressure for SUI throughout the remainder of 2025, citing concerns about broader market conditions and diminishing investor interest.
Historical data from gate demonstrates that assets experiencing both negative funding rates and declining staking participation typically face prolonged bearish cycles before sentiment reverses, suggesting SUI may continue this downward trajectory in the near term.
Recent market data reveals a significant shift in SUI's trading sentiment as the long/short ratio has fallen to 0.85, marking a clear dominance of short positions in the market. This figure represents the proportion of traders holding long positions versus those holding short positions, with any value below 1.0 indicating bearish sentiment prevails.
The declining ratio coincides with SUI's price experiencing substantial volatility. After reaching an all-time high of $5.36 in early 2025, SUI has undergone a severe correction, dropping approximately 60% to its current trading value of $2.16.
| Period | Price Change | Market Sentiment |
|---|---|---|
| 30 Days | -37.09% | Extremely Bearish |
| 7 Days | -9.1% | Bearish |
| 24 Hours | +7.65% | Short-term Recovery |
This bearish positioning is particularly concerning given SUI's recent market performance. The cryptocurrency has experienced a dramatic decline since October 10, 2025, when it plunged from $3.40 to under $2.60 in a single day. The increasing dominance of short positions suggests traders anticipate further downside potential.
Derivatives data further supports this bearish outlook, showing declining interest alongside rising short positions. With the current market capitalization at approximately $7.95 billion, down significantly from its potential fully diluted valuation of $21.6 billion, SUI faces considerable price risk as short sellers continue to dominate market sentiment.
SUI is the native utility token of the Sui Network, enabling operations and governance within its blockchain ecosystem. It aims to bridge Web3 and Web2 accessibility.
Yes, Sui shows promise as a long-term investment. With growing institutional support and positive market trends, Sui's value is expected to increase significantly by 2025.
Sui shows promise but isn't yet the next Solana. It offers high theoretical speed and scalability, but lacks Solana's established ecosystem and proven track record.
Sui coin is projected to rise by 25-30% to $4.45 by October 2025, driven by strong ecosystem growth and continued development.
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