Bitwise S-1 filing for spot SUI ETF meets key $1.32–$1.38 support test

Bitwise has filed an S-1 for a spot Sui ETF that includes full spot backing, staking integration, and in-kind creations, while SUI trades inside a descending wedge near the $1.32–$1.38 support band. Short liquidations of about $165.9K have surpassed $132.6K in long liquidations, Open Interest has climbed to $658.5 million, and Binance's top traders show a 1.78 long/short ratio, all pointing to weakening downside pressure and an approaching breakout decision zone.