The recent rapid growth has increased on-chain activity and shifted investor sentiment. AMINA Bank, the first regulated Swiss institution, has started offering custody and trading services for the SUI token. This development has built a solid bridge between traditional finance and crypto. 

Meanwhile, the $500 million treasury funding provided by Mill City Ventures has strengthened the project’s long-term growth plans. With this support, 1.28 million new user accounts were created in just 24 hours. The total number of addresses has exceeded 257.9 million. 

According to Binance data, 70.8% of investors in SUI futures are in long positions. The long/short ratio stands at 2.42, indicating continued bullish sentiment among investors. 

On the other hand, open interest dropped to $699.6 million, revealing waning speculative interest. Additionally, the weighted market sentiment has declined to -0.655. Conversely, the social engagement rate rose to 0.973%. These conflicting metrics create uncertainty over short-term direction. 

What Do Technical Indicators Say? SUI Trapped Below VWAP 

SUI is currently consolidating just below the $3.50 resistance. This level aligns with the VWAP line and a previously supportive region. At this structurally pivotal point, buyers are preparing for a strong breakout. 

Meanwhile, a recovery in short-term EMA levels indicates an effort to stabilize price. Still, sustained movement above $3.50 is needed to confirm a clear direction. 

According to crypto analytics platform CryptoPulse, the current structure represents an accumulation zone. However, only a breakout above this resistance will confirm a short-term uptrend. 

$SUI has pulled back right into the sweet spot.
Price just hit the VWAP average and is sitting directly on structural support around $3.50. This is exactly where we’ve been waiting to step in.

SUI continues to gain recognition across the space and has the structure of a project… pic.twitter.com/f6lVqegA2I

— CryptoPulse (@CryptoPulse_CRU) August 4, 2025

The current setup shows descending highs after rejection from $5.25, indicating that bulls are regrouping just below the key threshold. If $3.50 is breached, the price is expected to move toward $4.00 and then $5.00. 

Moreover, strong on-chain activity and institutional backing reinforce the long-term outlook. However, caution is advised in the short term. 

With solid partnerships and funding, SUI is reinforcing its foundations. Still, short-term direction depends on the $3.50 resistance. Until this level is broken, the market will remain in wait-and-see mode. 

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The post SUI Price Targets $5 Amid AMINA Deal and $500M Backing appeared first on Coin Engineer.

This price action has also impacted the share of BTC supply held in profit. According to Glassnode, as of August 1, Bitcoin’s supply in profit dropped to 91.71%, the lowest level in 41 days. This metric indicates what percentage of circulating BTC is currently held above acquisition cost. 

Historically, a decline in this metric reflects weakening market sentiment. Fewer holders remain in profit, which can increase selling pressure. As a result, short-term corrections in BTC’s price become more likely. 

Long/Short Ratio Falls: Leverage Traders Pull Back 

The derivatives market also shows signs of reduced bullish sentiment. BTC’s long/short ratio has dropped to 0.96, falling below the key 1.0 threshold. This ratio compares the number of long positions to short ones. A figure below 1 suggests more traders are betting on a price decline than a rise. 

At the same time, the decrease in long exposure creates room for downward movement. Unless a new bullish catalyst emerges, BTC may struggle to regain upward momentum. 

Additionally, trading volume has significantly decreased. Daily volume, which peaked during July’s rally, is now showing signs of weakening market participation. The combination of weaker demand and rising profit-taking strengthens the bearish short-term outlook. 

Which Levels Could Bitcoin Test Next? 

Based on current technical indicators, Bitcoin could test the $111,855 support zone in the short term. This level is viewed as a key threshold by many market participants. If buyer interest strengthens here, BTC could recover toward $116,952. 

Meanwhile, $120,000 remains a critical resistance level for bullish continuation. Breaking through this zone may rebuild investor confidence and trigger fresh momentum. However, this would require an uptick in trading volume and a visible shift in market sentiment. 

Moreover, upcoming macroeconomic developments and possible ETF-related news could act as external catalysts. For now, caution dominates BTC’s short-term outlook.

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The post Bitcoin Profit Supply Hits 41-Day Low: Is $110K at Risk? appeared first on Coin Engineer.

What’s the Situation with Futures and Long/Short Ratio? 

Open interest in Bitcoin futures markets hit a record high, reaching a total of $72 billion. This indicates strong participation from major investors. Notably, open interest on CME increased to $16.9 billion.  Another notable metric is the long/short ratio. According to Coinalyze data, as of May 21, 2025, this ratio is 0.85, meaning 45.84% of investors hold long positions while 54.16% hold short positions. This suggests a cautious short-term outlook, though the ratio can shift rapidly during sudden price surges. 

Where Are the Whale Wallets Moving? 

Large investors known as whales have made significant moves recently. A wallet named “bc1qc” bought 4,611 BTC in one week at an average price of $103,075, amounting to roughly $475 million. This wallet’s total holdings reached 22,223 Bitcoin, ranking it among the top 40 Bitcoin holders. Whale activity reflects strong investor confidence. Another whale opened a 40x leveraged long position worth $838 million, earning $22 million in profit. The liquidation price for this position is $100,000, indicating the investor’s confidence that prices won’t drop below this level. 

Stablecoin Volume Rising, Supported by Macroeconomics 

The combined market cap of stablecoins like USDT and USDC reached $151 billion, the highest ever recorded. Considering new capital inflows, this is a significant metric. The U.S. Dollar Index (DXY), which was around 109 in January 2025, dropped 9% to 99.60, showing investors are turning to alternative assets instead of the dollar. 

Meanwhile, 10-year U.S. Treasury yields have fallen from 4.8% to 4.52%, boosting interest in riskier assets. Market data suggests BTC could challenge the $110,000 level. Record open interest in futures and large whale purchases support this outlook. The growing stablecoin market and falling yields add further backing. 

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