Sui crypto price recoils as Bitcoin dominance signals capital flight
Suis Crypto Price took a higher blow than large peers, lowering almost 5% while merchants collected recent gains. With the climbing of the dominance of bitcoin and narrowing altcoin volume, withdrawal reveals risk appetite taking off on a nervous market.
Summary
- Suis dropped by almost 5% on August 5, exceeding wider market losses while the domination of Bitcoin rose to 61.4%.
- Gout follows a drop -off of $ 162 million token and signals the discoloration of appetite at risk in the middle of macro uncertainty.
- Despite fundamental solids, Suis lost more than 20% this month.
August 5, sui (Sui) lost 4.71%, falling from a daily summit of $ 3.61 to exchange hands at $ 3.39 at the time of writing, according to Crypto.News data. The decline exceeded both the 1.57% drop in the wider crypto market and losses of less than 3% of Ethereum (Ethn) and Solana (GROUND), a divergence that highlights the vulnerability of altcoin when bitcoin is strengthened.
The move crowned a week of assembly pressure that started with a drop -off of $ 162 million on August 1, the largest of sui to date. With more than tens of millions of new tokens entering into circulation, selling pressure regularly built, losses already aggravating macro -contrary winds and Altcoin fatigue.
SU has now lost more than 20% since it culminates almost $ 4.40 earlier this month, erasing around $ 3 billion in market capitalization. In particular, the open interest in the term contracts on Sui fell by 15% at the end of July, indicating that traders already relaxed the risk before the unlocked blow. This left followed, especially when the wider feeling moved towards the preservation of capital.
Overview: a flight to security?
It is not only a question of sui. Bitcoin domination reached 61.4% For the first time since last week, geopolitical tensions and stronger American economic data than the United States has pushed investors to perceived stability. The 24 -hour SUP trading volume fell by 6.8% to $ 1.15 billion, while Bitcoin jumped 8.2%, painting a clear image: risk appetite cools.
The divergence highlights a broader capital rotation in progress, that which promotes liquidity, predictability and perceived security on average tokens sailing the dynamics of volatile food.
The reaction was not isolated. Altcoins at all levels have been lagging behind while Bitcoin is asserting itself once again as an ancient crypto liquidity. But in the case of SU, the sale crossed the bullish signals on the chain.
According to DEFILMA data, the total value of sui locked remains close to $ 2 billion and network activity has remained robust. Even the institutional signals were strong: Amina Bank has become the first regulated entity in Offer custody and trade for suis On August 5, while Mill City Ventures announced a Treasury supported by $ 450 million.
However, price action suggests that fundamentals alone are no longer enough to cause short-term assessments on an increasingly shaped market by macro-recit, supply shocks and defensive positioning.
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