🔥 Whales are accumulating Uniswap (UNI)
According to the latest market data, UNI is trading around $7.36, down 6.39% over the past 24 hours. But behind the sea of red, whale-tracking data shows net buying of around $5.93 million: approximately $7.6 million in total purchases, compared with about $1.7 million in sales.
⚠️ The anomaly is here: Whales are net buyers, but the price is still falling. This could signal that buying pressure is absorbing selling pressure—but it could also mean that dip-buying flows aren’t strong enough to reverse the trend. 📉 Futures data to watch closely:
Open Interest fell by about 9.45%, to $309 million. Funding Rate is at −0.0035%.
The price decline alongside falling OI suggests the market is undergoing deleveraging; there is not yet enough evidence to confirm a new rally.$UNI
