A look at the situation from a position-holder perspective: A major investor may have sold 592,000 UNI at a loss, with estimated losses of $1.546 million
When the news breaks, two things often happen in the market at the same time:
· Early buyers take profits
· Traders who only arrived after seeing the news start buying in
Whichever group has more influence determines the price direction. $UNI 24h trading volume was $71.47 million; watch for any unusual spike in turnover.