Tags: Sui

Short-Bitcoin products saw outflows of $2.9 million last week, bringing year-to-date outflows to $12 million, which indicated a bullish sentiment.

SOL, WLD, and TRUMP tokens see large daily unlocks this week, with $9.9M, $4.87M, and $4.41M released daily, respectively.

Ethereum saw $583 million in inflows, its strongest since February, including the highest daily inflow during that time.

Over $300 million is already allocated to SUI-based investment vehicles, according to the stats shared by Sui Foundation.

Ethereum managed to attract more than $296 million in inflows last week as it continued a 7-week streak.

Sui’s daily DEX volume surged 14.6% in Q1, led by Cetus, which later lost a $223 million exploit.

The outflows witnessed by short-Bitcoin products indicated reduced trader confidence in a Bitcoin price decline.

Bitcoin’s post-ETF surge liquidated short positions, while altcoins suffered relentless long liquidations fueled by excessive leverage and misplaced bets.