SUI (SUI) is beginning to stand out in the crowded crypto market as new data reveals significant capital inflows and rising speculative interest.

The altcoin has shown strong upward momentum recently, posting double-digit gains and flashing a classic bullish chart pattern.

The cryptocurrency market has seen better days, with Bitcoin struggling to break free from the $30,000 resistance and several altcoins encountering difficulties. However, amidst the broader crypto market turbulence, one token has begun to stand out: Sui (SUI).

New data reveals that the token is witnessing significant capital inflows and rising speculative interest, setting the stage for what could be a substantial rally.

Capital Flows Toward SUI As Stablecoin Inflows Soar

In the past 24 hours, SUI recorded the largest stablecoin inflow among all major blockchain networks, with over $6.1 million flowing into the platform. In contrast, other prominent platforms like Ethereum, Solana, and BNB Chain experienced net outflows during the same period.

This trend could indicate a capital shift toward SUI as traders and investors are seeking fresh opportunities in emerging assets.

Moreover, these stablecoin inflows are not just figures—they represent liquidity ready to be deployed, often termed “dry powder.” When stablecoins move into a network en masse, it typically suggests that market participants are preparing to buy the native tokens, in this case, SUI.

This influx of capital is often seen as a precursor to bullish price action, setting the stage for a potential rally.

Open Interest Surges As Speculative Activity Heats Up

In addition to capital inflows, SUI’s Open Interest (OI) in the derivatives market surged by more than 30%, reaching approximately $785 million. This metric denotes the total number of open contracts in SUI’s futures markets and serves as a barometer for speculative activity.

A rising OI, especially when paired with increasing capital inflows, suggests growing optimism about near-term price movements. It implies that traders are positioning themselves ahead of what could be a major move.

From a technical standpoint, SUI is shaping up for a possible breakout. On the daily timeframe, the token appears to be forming a cup and handle pattern—a structure commonly associated with bullish continuation.

At the time of writing, SUI is trading at around $2.16, with a well-defined resistance level at $2.23. This level is seen as the breakout trigger. Should the price manage a sustained move above it, the next major upside target could be around $2.80.

However, it’s crucial to note that this breakout has yet to be confirmed. Without a strong close above $2.23, the pattern remains unvalidated. Market watchers are looking for sufficient bullish momentum to carry the price through this zone and affirm the setup.

In the derivatives space, there has also been a notable liquidation of long positions, with nearly $860,000 in longs being wiped out compared to around $269,000 in shorts. This flush of leverage can often be a healthy reset for the market, clearing out weak hands and paving the way for more sustainable upward movement.

Further adding to the bullish case, SUI’s funding rate has turned positive, currently sitting at around 0.0087%. A positive funding rate means that traders are paying to hold long positions—often a sign of confidence and upward bias in the market. Following liquidations, a rebound in funding rates tends to reflect renewed belief in the bullish trend.

With capital flowing in, speculative positions rising, and a favorable chart structure forming, the setup for SUI appears increasingly optimistic. However, everything will ultimately depend on whether the price can break and hold above the $2.23 level. Until then, this potential breakout remains in the making.