$UNI Now at this point, both long and short sides are betting on one thing: 9.52.
First, look at the long-side positioning. The SEC’s five-year exemption has landed, allowing tokenized U.S. stocks to be traded on a permissioned AMM; the v4 permissioned pool is already a ready-made compliant framework. The protocol fee switch has already been proven: at an annualized rate, 4 million to 5 million UNI are burned. Uniswap’s monthly trading volume is over $70 billion. From 2.316 to 9.499, the gain is over 300%, breaking out of a descending wedge that had been pressuring the price for two years.
Next, the short-side positioning. RSI is 73.54, and the Bollinger Bands’ 92% pressure zone is showing up. Trading volume is contracting, and the MACD histogram has gone to zero. The most critical signal is that the aggressive buy-sell ratio has slipped to 0.9156: long positions are dominant, but order flow is selling. The on-chain record that a big whale has been distributing around 8.9 is also right there.
The long/short ratio is 1.87, with 65% net longs. OI is up 3.46%, but it hasn’t matched with new buy orders. This structure either means the main players are washing the market to build momentum, or they’re forming a top and rotating hands.
My take: the compliant narrative is real, and the deflationary mechanism is running—but the price has risen too fast in the short term. 9.52 is the watershed: if the daily candle closes above, look for 9.93 and even 10; if it can’t, then 8.13.
Are you standing long or standing short?
#比特币突破8.5万美元
First, look at the long-side positioning. The SEC’s five-year exemption has landed, allowing tokenized U.S. stocks to be traded on a permissioned AMM; the v4 permissioned pool is already a ready-made compliant framework. The protocol fee switch has already been proven: at an annualized rate, 4 million to 5 million UNI are burned. Uniswap’s monthly trading volume is over $70 billion. From 2.316 to 9.499, the gain is over 300%, breaking out of a descending wedge that had been pressuring the price for two years.
Next, the short-side positioning. RSI is 73.54, and the Bollinger Bands’ 92% pressure zone is showing up. Trading volume is contracting, and the MACD histogram has gone to zero. The most critical signal is that the aggressive buy-sell ratio has slipped to 0.9156: long positions are dominant, but order flow is selling. The on-chain record that a big whale has been distributing around 8.9 is also right there.
The long/short ratio is 1.87, with 65% net longs. OI is up 3.46%, but it hasn’t matched with new buy orders. This structure either means the main players are washing the market to build momentum, or they’re forming a top and rotating hands.
My take: the compliant narrative is real, and the deflationary mechanism is running—but the price has risen too fast in the short term. 9.52 is the watershed: if the daily candle closes above, look for 9.93 and even 10; if it can’t, then 8.13.
Are you standing long or standing short?
#比特币突破8.5万美元