Based on the data provided, the net inflows into contract positions and spot for $SUI
I indicate a mixed market sentiment. The 24-hour net inflow is positive, suggesting short-term buying pressure. However, the 7-day and 14-day net inflows are negative, indicating a potential mid-term bearish trend. The spot transaction distribution shows significant trading activity in the price range of $0.738 to $1.765, with the highest volume in the $1.423 to $1.594 range, suggesting that market participants are actively trading within these levels.
The long-short ratio has increased from 1.1925 to 1.2424, indicating a growing preference for long positions, which could be a sign of optimism in the market. However, the contract trading volume has decreased, which might suggest reduced market liquidity or a decrease in trading activity.
Open interest has seen a significant decrease over the past 12 months, which could indicate a reduction in market liquidity and potential for lower trading volumes. This could also be a sign of market participants closing their positions, which might lead to price volatility.
Considering the contract and spot market liquidity, the short-term trend for $SUI appears to be bullish due to the positive 24-hour net inflow and increased long-short ratio. However, the mid-term trend seems to be bearish as indicated by the negative 7-day and 14-day net inflows. The long-term trend is less clear due to the mixed signals from the long-short ratio and open interest.
In conclusion, for the upcoming week, $SUI might experience some bullish momentum but could face resistance and potential reversals due to the mid-term bearish signals. For the month, the price trend might be more volatile with a slight bearish inclination.