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Home»Altcoins»Is the volume of trading from $ 20 billion – is a new ATH close?
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Is the volume of trading from $ 20 billion – is a new ATH close?

March 7, 2025No Comments3 Mins Read
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  • There has been a significant increase in the negotiated volume of suis and active accounts.
  • Binance traders place purchasing bets, which could have an impact on a market rally.

During the last 24 hours, SUP (SUI) has seen a notable price wave, gathering 7.47% to $ 2.67, the feeling of the market that has become bullish.

This recent movement by assets could be due to the growth in the number of users in the past 24 hours, which has increased by one million.

At the same time, the volume of trading DEX has increased and shows a clear trend to increase.

Volume increases in the middle of user growth

The Blockchain Suis has taken a notable step. Recent data show that the volume of trading on Su Suis has exceeded the combined volume of polygon (POL), Tron (TRX), Aptos (Apt), near the protocol (near) and Cardano (ADA) in 2025.

At the time of writing the time of the editorial staff, the volume of trading DEX reached a new peak greater than $ 20 billion.

In a situation like this, this indicates that market merchants have actively engaged with protocols on the chain, which tend to have a positive effect on the price.

Source: X

This movement is reflected in the weekly graphic, which shows that between the first week of March and now, Suis has maintained a relatively stable price range, negotiating between 3.30 and $ 2.69.

In the past 24 hours, the sharp increase in the volume of Dex was more obvious, with $ 65 million negotiated – a leap of 11.25% of its performance in the last 30 days.

However, this recent growth could also be linked to the increase in total accounts in the last day, which has increased by more than a million, which brings the total number of accounts to 70,526,000.

Source: X

The growth in accounts could be linked to the recent price movement, which suggests that the activity of these accounts has been positive for SU and indicating that the assets could record other gains in future negotiation sessions.

Buy higher volume trends

The volume of purchase on the derivative market has increased. Currently, most commercial accounts in Binance have opened long contracts, which means that traders anticipate a major market rally.

This is confirmed by the purchase / sale ratio of takers, which has moved away from 1, with a reading of 2.0148 – indicating that the purchase activity is much higher in merchants on Binance.

For the context, the purchase / sale ratio of takers is an indicator used to determine whether the volume of purchase dominates (a reading greater than 1) or the sales volume provides (a reading less than 1).

Currently, the overall volume of the market is 0.9612. Although upward trends, this confirms an increasing purchasing activity among traders. A decision above 1 could ignite a major price rally for suis.

Source: Coringlass

At the same time, the liquidation data was unfavorable for short -term merchants, with more than $ 3.15 million in contracts closed with force during this period – indicating that the market has a strong rise in trend.

Next: Trump’s Crypto Summit: 5 catalysts ready to light the Bitcoin rally



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