97% of UNI's $8.5M liquidations were longs — and the coin still bounced 9% off its low.
$UNI $5.03, -10% today after tagging $4.619, the top 30's biggest faller. $BTC fell with it at $64,753, -3.3% — UNI fell three times as far. Open interest flushed 16% to $353M (CoinGlass, 05:52 UTC), so leverage is leaving, not arriving. I flagged the $6.255 break on 11 Nov; it ran all the way here.
Funding just flipped negative, so shorts now pay longs. Chasing shorts below $4.619 is the crowded trade.
$4.619 holds → bounce aims at $5.464. Breaks → the flush runs on. A daily close above $5.594 kills my bearish lean.
Does $4.619 hold or fold?
Not financial advice. DYOR.
#UNI #DeFi #CryptoCrash
$UNI $5.03, -10% today after tagging $4.619, the top 30's biggest faller. $BTC fell with it at $64,753, -3.3% — UNI fell three times as far. Open interest flushed 16% to $353M (CoinGlass, 05:52 UTC), so leverage is leaving, not arriving. I flagged the $6.255 break on 11 Nov; it ran all the way here.
Funding just flipped negative, so shorts now pay longs. Chasing shorts below $4.619 is the crowded trade.
$4.619 holds → bounce aims at $5.464. Breaks → the flush runs on. A daily close above $5.594 kills my bearish lean.
Does $4.619 hold or fold?
Not financial advice. DYOR.
#UNI #DeFi #CryptoCrash
