Recently, on X, many people have been saying:
“$UNI has entered a consolidation and correction phase.”
I think there’s nothing wrong with that.
But the question is—does consolidation necessarily mean it will fall?
I’m actually not that pessimistic.
Look at UNI: it surged up from the lows quickly, then at the end of September it went through another fairly noticeable pullback, dipping as low as around 8.45. Now it’s back near the 9-dollar area.
With this kind of movement, I’d rather interpret it as: the people who were in profit are taking profits, and new capital is stepping in at the lower levels.
What’s most interesting is that after September 28, on-chain data actually shows that large holders increased by roughly 1.13 million UNI.
The price is correcting, but the whales haven’t fully withdrawn.
That’s the part I’m paying the most attention to right now.
Also, don’t forget the CME plans to launch UNI futures on October 19. Even though it still needs regulatory review, it at least indicates that $UNI is moving into a more traditional derivatives trading perspective!
So right now, it’s a choice between two possibilities: has the UNI rally already ended, or is UNI digesting the earlier gains and waiting for the next breakout with volume?
I lean toward the latter.
Of course, consolidation periods are probably boring, and it could even keep washing out.
But the most interesting thing about the crypto world is that right before the truly big moves start, it’s often when nobody wants to look.
If after $UNI it breaks out again with renewed volume, and once everyone starts shouting, then by the time you go look for the 8–9 dollar range, it may only be something you can recall.
So I won’t throw UNI away just because it’s been moving sideways for a few days.
What I’m more afraid of is that during the consolidation, I didn’t hold on—then I start FOMO only after it really moves.
#UNI #Uniswap #DeFi #ETH #聪明钱
“$UNI has entered a consolidation and correction phase.”
I think there’s nothing wrong with that.
But the question is—does consolidation necessarily mean it will fall?
I’m actually not that pessimistic.
Look at UNI: it surged up from the lows quickly, then at the end of September it went through another fairly noticeable pullback, dipping as low as around 8.45. Now it’s back near the 9-dollar area.
With this kind of movement, I’d rather interpret it as: the people who were in profit are taking profits, and new capital is stepping in at the lower levels.
What’s most interesting is that after September 28, on-chain data actually shows that large holders increased by roughly 1.13 million UNI.
The price is correcting, but the whales haven’t fully withdrawn.
That’s the part I’m paying the most attention to right now.
Also, don’t forget the CME plans to launch UNI futures on October 19. Even though it still needs regulatory review, it at least indicates that $UNI is moving into a more traditional derivatives trading perspective!
So right now, it’s a choice between two possibilities: has the UNI rally already ended, or is UNI digesting the earlier gains and waiting for the next breakout with volume?
I lean toward the latter.
Of course, consolidation periods are probably boring, and it could even keep washing out.
But the most interesting thing about the crypto world is that right before the truly big moves start, it’s often when nobody wants to look.
If after $UNI it breaks out again with renewed volume, and once everyone starts shouting, then by the time you go look for the 8–9 dollar range, it may only be something you can recall.
So I won’t throw UNI away just because it’s been moving sideways for a few days.
What I’m more afraid of is that during the consolidation, I didn’t hold on—then I start FOMO only after it really moves.
#UNI #Uniswap #DeFi #ETH #聪明钱