Bitcoin Traders Eye $95K; SUI Continues Its Bullish Run

Crypto markets remained relatively stable over the past 24 hours, consolidating after an earlier rally and subsequent profit-taking. Bitcoin (BTC) held above $93,000 in Asian morning trading on Friday, with increased optimism among traders for further short-term price gains.

“BTC holding strong above $90K has sparked a wave of optimism,” QCP Capital stated in a Telegram message. “The flow of call options at the $95K strike for both the end-April and end-May expirations shows a clear tactical interest in additional upside potential.”

Call options, which give traders the right to buy Bitcoin at a fixed price before a set deadline, have seen a significant increase in activity at the $95,000 strike, indicating that many traders are betting on Bitcoin reaching this level by the end of April or May.

“While macro risks have eased for the moment and trade tensions are calming, we expect Bitcoin to stay within a tight range of $90K to $94.5K until a decisive push toward the $100K mark materializes,” QCP added, maintaining a cautiously optimistic outlook as broader market conditions continue to play a role.

Among other major cryptocurrencies, XRP and BNB (BNB Chain) remained unchanged, while Solana’s SOL saw a small 2% gain. Dogecoin (DOGE) and Cardano (ADA) both posted impressive gains of over 4%, and Shiba Inu (SHIB) rose by 5%. The CoinDesk 20, which tracks the largest cryptocurrencies by market capitalization, was up by 1.2%.

Sui Network’s SUI token continued its remarkable surge, extending its multiday rally and bringing its weekly gains to more than 62%. Key developments include the launch of xPortal, a new payment card built on the Mastercard network, which is fueling further excitement around the Sui ecosystem.

Sui’s decentralized finance (DeFi) sector is also showing impressive growth, with the total value locked (TVL) surpassing $1.6 billion—up over 9% in just 24 hours. The network’s decentralized exchange (DEX) also experienced a significant rise, with 24-hour trading volume hitting $599 million, a 35% increase compared to the previous week.