A price falling below its established trading range often raises concerns about intensifying selling pressure, but the actual distribution of market orders during the decline shows different microstructural characteristics.
Spot $UNI moved outside its previous four-hour trading range, broke below the reference low of $5.746, and closed at $5.727.
During this period, spot trading volume reached $548,000, more than 3.5 times the previous baseline.
The share of trades initiated by buyers during the session reached 49.1%. Buyers and sellers were largely matched, indicating that the break below the boundary did not turn into one-sided liquidation selling; relatively active buying was still present at the lows.
Spot $UNI moved outside its previous four-hour trading range, broke below the reference low of $5.746, and closed at $5.727.
During this period, spot trading volume reached $548,000, more than 3.5 times the previous baseline.
The share of trades initiated by buyers during the session reached 49.1%. Buyers and sellers were largely matched, indicating that the break below the boundary did not turn into one-sided liquidation selling; relatively active buying was still present at the lows.