$UAI erased 42% in 18 hours 🔴
Two liquidation cascades, one hour each:
🔴 Sep 12, 13:00 UTC - 0.8358 → 0.5544 on $38M volume
🔴 Sep 13, 04:00 UTC - 0.6286 → 0.4503 on $13M volume
Open interest went from $36M to $19M: half the leveraged positions are gone.
Funding is back to neutral at +0.005%, so the squeeze itself is over.
Does UAI reclaim 0.60 this week?
#UAI #Binance
Two liquidation cascades, one hour each:
🔴 Sep 12, 13:00 UTC - 0.8358 → 0.5544 on $38M volume
🔴 Sep 13, 04:00 UTC - 0.6286 → 0.4503 on $13M volume
Open interest went from $36M to $19M: half the leveraged positions are gone.
Funding is back to neutral at +0.005%, so the squeeze itself is over.
Does UAI reclaim 0.60 this week?
#UAI #Binance