My main position with $UNI was sold off on the 6.4u run, but I don’t plan to re-enter now. Instead, I’d suggest everyone stay cautious and look for opportunities to take profit!
Because I believe UNI could pull back at any time:
1. This round of gains was boosted by squeezing the shorts. But now the short-sellers’ fuel isn’t enough anymore.
2. Robinhood’s chain accounts for over 40% of UNI’s revenue. This rally is also riding on their momentum. But it’s run a bit too far—none of these gains have actually been realized yet. What if they switch to a different AMM next year, or build their own?
The core business being in someone else’s hands means the dominant position is actually quite fragile. I’m aiming for stability; my positions are basically cleared. Wishing the brothers who stay in make money. I suggest everyone be extra vigilant about the risks.
Because I believe UNI could pull back at any time:
1. This round of gains was boosted by squeezing the shorts. But now the short-sellers’ fuel isn’t enough anymore.
2. Robinhood’s chain accounts for over 40% of UNI’s revenue. This rally is also riding on their momentum. But it’s run a bit too far—none of these gains have actually been realized yet. What if they switch to a different AMM next year, or build their own?
The core business being in someone else’s hands means the dominant position is actually quite fragile. I’m aiming for stability; my positions are basically cleared. Wishing the brothers who stay in make money. I suggest everyone be extra vigilant about the risks.