SUI bears the pressure of 25x Short – Is the market preparing for volatility?

According to OnChain Lens, Abraxas Capital has taken advantage of the declining crypto market to profit from Short orders on Bitcoin, Ethereum (ETH), Solana (SOL), Hyperliquid (HYPE), and Sui Network (SUI) on the HyperLiquid exchange.

The transactions from the two related wallets clearly show that this fund is expecting major assets to fall sharply. For SUI, the increase in shorts has pulled the price down. This may stem from the general market sentiment and short sellers using leverage.

Is SUI temporarily adjusting or about to break the bottom?

When the price falls to $3, SUI faces an important threshold that could help maintain profits or trigger a recovery. Some signs of "wobbling" have emerged, indicating that the bulls are waiting for the right moment to act.

If SUI holds the $3 mark, the price could recover to the $4 mark and continue to return to retest the recent peak at $5.36. If not, the price will slide back to the $2 range or even $1.38–$1.5 — both of which are support levels previously established in March and April.

The MACD indicator chart is still in the green and positive zone, indicating that the bearish momentum has not fully taken over. However, if it breaks the higher low trend in the price structure, SUI may be entering a wider bearish pattern.

Source: TradingViewIf the $3 level is maintained, a rebound could push the price of SUI up to $3.9 or even $5 after a while. However, if the downtrend continues, SUI may not hold important support areas, leading to further severe declines.

Conversely, if the SUI market stabilizes again and the Short positions start to close orders, that is likely to trigger a strong and rapid increase.

Liquidation pressure leans towards selling

Most importantly, the liquidation map shows that the majority of traders are betting on the short side. About 13.78 million dollars in Short positions are at risk of liquidation if the price rises to the 3.39 dollar range.

This area is between $3.05 and $3.39, containing many positions with 10x, 25x, and 50x leverage. If the price exceeds $3.06, it could trigger a series of liquidations, forcing Short Sellers to exit their orders en masse.

At the same time, a large amount of accumulated Long positions lies just below the $3.06 threshold, especially in the $2.7–$2.95 range. This setup creates a two-sided risk: if the price rises sharply, the Shorts will be squeezed, while if the price falls, the Longs may panic and exit their orders.

Source: CoinGlassFurthermore, selling pressure from those who have opened Long positions with SUI may cause the market to continue to plummet, as they seek to cut losses or take profits.

Although there are two large groups participating in the market, data shows that the majority of investors are betting on the possibility of further price falls.

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