The Sui (SUI) project has recently attracted significant attention in the cryptocurrency markets, bolstered by both on-chain data and derivative market dynamics. According to CoinGlass, approximately $17.17 million worth of SUI was withdrawn from exchanges last week, indicating a strong accumulation trend in the market. This withdrawal suggests that some investors find the current price levels an attractive buying opportunity. However, the rising price alongside declining trading volumes reflects cautious market progression.
ETF Support and Growing Institutional Interest
One of the primary catalysts behind the recent price surge of SUI is its inclusion in the Bitwise 10 Crypto Index ETF (BITW). As of December 10, 2025, BITW started trading on NYSE Arca, allocating 0.24% of its portfolio to SUI. This allocation, valued at approximately $2.4 million at launch, has generated new institutional demand for SUI.
The positive sentiment from the ETF news aligns with the broader recovery trend in the crypto market. Similarly, recent inclusion of other major altcoins like Solana 
$140 and Avalanche in institutional products has emerged as a positive development, supporting mid-term optimism in the altcoin market. In this context, SUI’s ETF inclusion is seen not only as a significant price movement event but also as an important milestone for project perception.
Derivatives Market, Accumulation, and Critical Levels
Derivative data clearly demonstrates the bullish expectations surrounding SUI. According to CoinGlass’s liquidation map, investors identify the $1.512 level as a strong lower support and $1.694 as short-term upper resistance. Overleveraging is evident in this range, with long positions notably prevailing.
Currently, there are approximately $17.63 million in long positions compared to just $5.72 million in short positions. This imbalance suggests that bullish expectations dominate the daily trades. Additionally, the withdrawal of SUI from exchanges in spot markets indicates that long-term investors prefer holding assets in wallets rather than exchanges, possibly limiting sell pressure.
From a technical perspective, SUI has recaptured a crucial support area around $1.60. The Average Directional Index (ADX) at 26.68 on the daily chart confirms the strength of the current trend. Analysts suggest that closing above $1.75 could trigger a new 26% rise toward $2.20.
Another noteworthy development on the SUI front is the recent announcement by the Sui Network team. In recent weeks, they launched a new ecosystem fund and developer support program to boost DeFi applications on the network. This move aims to increase the total locked value (TVL) on the network and is considered a structural step that could support SUI demand in the long term.
