Price Action and Derivatives Insights for SEI, PYTH, SUI, STRK, JASMY

• Sei’s trading data shows a rise in volume but declining open interest, indicating conflicting market signals.
• Pyth Network’s recent long positions suggest a potential bullish shift, though mixed signals warn of sudden reversals.
• Sui’s market shows bullish trader preferences, but heavy long liquidations indicate ongoing volatility and market pressure.

Sei, Pyth Network, Sui, Starknet, and JasmyCoin have all seen their prices fall, mirroring the wider market’s turbulence. However, derivatives trading data paints a more intricate picture, with each token showcasing its own market behavior.

Sei is currently priced at $0.284697 , with a 24-hour trading volume of $115,018,784. It has declined 11.81% in the last 24 hours, with a market cap of $939,500,407. The circulating supply stands at 3.3 billion SEI coins. 

Derivatives data shows trading volume has climbed 11% to $175.52M, but open interest has fallen 12.92% to $66.60M. A long/short ratio of 0.8113 suggests more short positions are open. However, recent trading data reveals strong long positions, with $305.44K long versus $3.19K short in the last 24 hours.

Source: Coinglass

Top traders on Binance show mixed signals, with a few more long accounts than an overall short position. Key platforms include Binance, OKX, Bybit, and Bitfinex. These differing signals suggest a complex market outlook, with traders employing varying strategies across different timeframes.

Pyth Network is trading at $0.267255 , down 6.97% in the last 24 hours. Its market cap is $968,795,366, with a circulating supply of approximately 3.62 billion PYTH coins. Trading volume has increased 2.43% to $27.40M, while open interest dropped by 5.77% to $25.72M.

The long/short ratio of 0.8695 points to more short positions, but recent data shows a strong bias toward long positions. With $183.25K in long positions versus $1.57K in short, there’s a possible shift in market sentiment from bearish to bullish. However, mixed indicators raise the possibility of sudden reversals. Exchanges like Binance and OKX show slightly long-biased top traders, highlighting lingering uncertainties.

Source: Coinglass

Sui’s price has fallen 7.71% to $0.775783 , with a 24-hour trading volume of $172,680,490 and a market cap of over $2 billion. It has a circulating supply of 2.6 billion SUI coins and a max supply of 10 billion coins. Sui’s derivatives market shows a decline, with trading volume down 19.60% and open interest dropping 8.30%. 

Source: Coinglass

Traders mostly favor long positions, especially on OKX, where the long/short ratio is 2.25. However, significant long liquidations—$463.66K in the past hour—point to downward pressure, indicating market volatility despite bullish leanings.

Starknet, currently priced at $0.338604 , has declined 9.33% in the past 24 hours. It has a market cap of $548,527,445, with a circulating supply of 1.6 billion STRK coins. The trading volume has decreased by 7.91% to $83.34M, while open interest is down 2.39% to $41.52M. 

Long positions dominate, especially on Binance and OKX, with long/short ratios of 2.9355 and 2.61, respectively. However, long liquidations over the past 12 hours indicate market pressure on bullish traders. Despite an overall long bias, bearish pressures continue to pose challenges for long positions.

Source: Coinglass

JasmyCoin is priced at $0.018311 , down 9.05% in the last 24 hours. It has a market cap of $902,734,501 and a circulating supply of nearly 49.3 billion JASMY coins. Trading volume has increased by 30.62% to $85.49M, but open interest has declined by 3.90%. 

While the overall long/short ratio leans bearish at 0.8522, exchange-specific data shows a mix of sentiments. On Binance, the long/short ratio of 1.6144 indicates a more bullish stance. Despite the recent increase in trading activity, long liquidations highlight ongoing challenges in the market.

Source: Coinglass

The data reveals mixed signals across these tokens, with long positions gaining momentum in some instances but facing significant challenges. The market’s overall caution reflects the complex and often contradictory nature of current trading conditions, suggesting traders remain wary of sudden reversals amidst ongoing volatility.