UNI's decline was not a trend. It was three hours.
$UNI fell 7%. The tape gave up a fraction of that: $DOGE -1.6%, $SOL -1.0%, Bitcoin -0.5%. December hike repricing explains the board. It does not explain this chart. Three lookups before the open.
1. Timing. UNI's three heaviest hours carried 32% of the day's dollars, 2.6x a flat hour. The other twenty-one went sideways. A repricing has a timestamp; a trend has a slope.
2. Cost. Divide dollars by points. UNI paid 8 million dollars per point. $SOL paid 189 million per point, 23 times more, for a 1% dip. When cost per point collapses, nobody is defending.
3. Ruler. UNI's average daily move over nine sessions is 4.3%. Today is 1.6x that. That is not a regime break. It is a thin book, and thin books snap back.
I'm waiting, no position. If UNI reclaims 7.09, its week cost, before the next US close, I'm wrong and this was accumulation.
Data as of today. Not financial advice.
A thin book, or a real exit? #Uniswap #HotCPIDecemberHikePriced #BinanceSquare
$UNI fell 7%. The tape gave up a fraction of that: $DOGE -1.6%, $SOL -1.0%, Bitcoin -0.5%. December hike repricing explains the board. It does not explain this chart. Three lookups before the open.
1. Timing. UNI's three heaviest hours carried 32% of the day's dollars, 2.6x a flat hour. The other twenty-one went sideways. A repricing has a timestamp; a trend has a slope.
2. Cost. Divide dollars by points. UNI paid 8 million dollars per point. $SOL paid 189 million per point, 23 times more, for a 1% dip. When cost per point collapses, nobody is defending.
3. Ruler. UNI's average daily move over nine sessions is 4.3%. Today is 1.6x that. That is not a regime break. It is a thin book, and thin books snap back.
I'm waiting, no position. If UNI reclaims 7.09, its week cost, before the next US close, I'm wrong and this was accumulation.
Data as of today. Not financial advice.
A thin book, or a real exit? #Uniswap #HotCPIDecemberHikePriced #BinanceSquare
