The post Bitwise SUI ETF Filing Aligns with Price Compression and Potential Upside Signals appeared on BitcoinEthereumNews.com.

Bitwise’s spot Sui ETF filing introduces institutional interest in SUI, featuring full spot backing and staking, potentially boosting liquidity and price stability. With SUI trading near $1.32 support amid short liquidations and rising open interest, this signals a shift from speculative altcoin to regulated asset, hinting at upward momentum if technicals confirm. SUI price compresses in a descending wedge near $1.32-$1.38 support, absorbing sell pressure and setting up for volatility breakout. Short liquidations hit $165.9K versus $132.6K longs, indicating weakening bearish control and potential reversal signals. Open interest rises to $658.5 million with 64% long bias among Binance top traders, supporting fresh leverage and upside potential. Discover how Bitwise’s spot Sui ETF filing impacts SUI price amid technical compression and bullish derivatives data. Explore key levels and market signals for informed crypto investment decisions today. What is Bitwise’s Spot Sui ETF Filing? Bitwise’s spot Sui ETF filing represents a significant step toward institutional adoption of the Sui blockchain token, SUI, by proposing a regulated exchange-traded fund backed entirely by actual SUI assets. This S-1 registration with the SEC outlines features like staking rewards integration and in-kind creation mechanisms, allowing direct interaction with the SUI ecosystem without relying on futures contracts. Unlike speculative vehicles, this structure positions SUI as a viable allocation option for traditional investors seeking exposure to layer-1 blockchains, potentially enhancing liquidity and reducing volatility over time. How is the SUI Price Reacting to the Spot Sui ETF News? The filing arrives at a pivotal moment for SUI, which has been navigating compressed trading ranges. According to data from TradingView, SUI is currently pressing against the lower boundary of a descending wedge pattern around the $1.32–$1.38 zone, a level that has repeatedly held as support since early December. This absorption of selling pressure suggests diminishing bearish momentum, with each…

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Filed under: News - @ December 20, 2025 3:27 am