$UNI The Binance hack incident has now entered the follow-up response phase. CZ said publicly that the related losses would be covered by the company’s own balance sheet. After withdrawal channels were restored, the market saw net outflows of about $4.7 billion. Coinciding with the U.S. midterm election, BTC spot ETFs recorded $643 million in net outflows last Friday. The market considers the ETF average cost basis of 82,308 to be strong overhead resistance. The Nasdaq closed down 1.07% overnight, while the Philadelphia Semiconductor Index fell 3.37%. Liquidations totaled $390 million over the past 24 hours, mostly among long positions, and the Fear Index remained at 26.
BTC is currently trading at 76,650, down 2.36%. Its recent range is 76,553 to 78,681, and it has fallen a cumulative 3.8% over the past seven days. The price has now fallen below both the 20-day and 50-day moving averages, and the market views the 200-day moving average at 73,150 as key support. Resistance to a rebound is at 78,700; unless the price can hold above that level, any recovery is likely to be weak.
ETH is currently trading at 2,253, down 1.54%, and has held up slightly better than BTC. During the earlier period of hacker-related selling pressure, activity in the DEX market briefly pushed ETH to 2,650. The unusual price spread has now gradually narrowed. In the short term, the key level to watch is support at 2,235. If it breaks, the next important reference point is the yearly moving average at 2,157.
UNI is currently trading at 6.99, down 3.51%, making it one of the weaker-performing major assets. The DeFi sector as a whole has fallen 3.7%, and UNI is down a cumulative 24% over the past 30 days, with a current market cap of $4.34 billion. Overhead resistance is at 7.33; the key level to watch is whether 6.81 holds.
BTC is currently trading at 76,650, down 2.36%. Its recent range is 76,553 to 78,681, and it has fallen a cumulative 3.8% over the past seven days. The price has now fallen below both the 20-day and 50-day moving averages, and the market views the 200-day moving average at 73,150 as key support. Resistance to a rebound is at 78,700; unless the price can hold above that level, any recovery is likely to be weak.
ETH is currently trading at 2,253, down 1.54%, and has held up slightly better than BTC. During the earlier period of hacker-related selling pressure, activity in the DEX market briefly pushed ETH to 2,650. The unusual price spread has now gradually narrowed. In the short term, the key level to watch is support at 2,235. If it breaks, the next important reference point is the yearly moving average at 2,157.
UNI is currently trading at 6.99, down 3.51%, making it one of the weaker-performing major assets. The DeFi sector as a whole has fallen 3.7%, and UNI is down a cumulative 24% over the past 30 days, with a current market cap of $4.34 billion. Overhead resistance is at 7.33; the key level to watch is whether 6.81 holds.