UNI soared 23.8% in a week, jumped to 4.844, then fell back to 4.65. The 1-hour candlestick turned green-to-red—at first glance, it looks like the party is over. But if you pull up the position size, the picture flips: while price is retreating, open interest is rising against the trend—up 8.4%—and it’s stuck in the bull_strong quadrant.
The sign of distribution is shrinking open interest and spot money running out. For UNI, open interest is increasing. Meanwhile, spot large orders have net inflows of 3 million over 3 hours, and all 12 candlesticks are red. Whale long positions are at 74.4% and still being pushed higher. Retail accounts have long positions of only 62.2%—a gap of 12 percentage points. In other words, the big money is picking up during the pullback, while retail is panicking.
Even more important is the funding rate: with open interest rising like this, the funding rate is still just 0.01%, and the basis is sitting right at 0. That suggests OI reflects real accumulation direction—not leverage-stacked hype. Also, the shorts haven’t been squeezed to the extreme; there’s no sign of hitting an overhead ceiling.
My stance: long. 4.60–4.64 sitting right on the MA50 is the buy-the-dip zone. The first target is to fill back at 4.844; once it holds, we’ll look for new highs. Risks are also laid out: if one day spot large orders flip into continuous net outflows and open interest turns and starts to reduce, then this move is over—and at that time I’ll switch to short.
#uni $UNI
The sign of distribution is shrinking open interest and spot money running out. For UNI, open interest is increasing. Meanwhile, spot large orders have net inflows of 3 million over 3 hours, and all 12 candlesticks are red. Whale long positions are at 74.4% and still being pushed higher. Retail accounts have long positions of only 62.2%—a gap of 12 percentage points. In other words, the big money is picking up during the pullback, while retail is panicking.
Even more important is the funding rate: with open interest rising like this, the funding rate is still just 0.01%, and the basis is sitting right at 0. That suggests OI reflects real accumulation direction—not leverage-stacked hype. Also, the shorts haven’t been squeezed to the extreme; there’s no sign of hitting an overhead ceiling.
My stance: long. 4.60–4.64 sitting right on the MA50 is the buy-the-dip zone. The first target is to fill back at 4.844; once it holds, we’ll look for new highs. Risks are also laid out: if one day spot large orders flip into continuous net outflows and open interest turns and starts to reduce, then this move is over—and at that time I’ll switch to short.
#uni $UNI
