When Bitcoin drags the market down 6%, high-beta DeFi absorbs the heavier hit. UNI sliding over 10% to $6.91 reflects standard risk-off rotation, but the on-chain mechanics tell a deeper story.
Market turbulence directly fuels DEX turnover. Liquidation cascades and panic rebalancing have driven a notable spike in Uniswap protocol volume and fee capture over the past 24 hours.
Price is discounting macro stress, but protocol utilization remains robust. I am tracking volume absorption around $6.80 to see if buyers defend the base.
$UNI $BTC
Market turbulence directly fuels DEX turnover. Liquidation cascades and panic rebalancing have driven a notable spike in Uniswap protocol volume and fee capture over the past 24 hours.
Price is discounting macro stress, but protocol utilization remains robust. I am tracking volume absorption around $6.80 to see if buyers defend the base.
$UNI $BTC