CME listed Uniswap futures on Oct 19. On Oct 20, FalconX and GSR booked the first block trade, which Hayden Adams called the first DeFi-token block trade through regulated TradFi rails. Size: not disclosed.

The chart's reply: $UNI -6% in 24h to ~$7.09, right onto the floor.

📰 The catalyst

• CME UNI futures, cash-settled: 10,000 UNI standard, 1,000 UNI micro

• First block trade Oct 20 (FalconX x GSR), notional undisclosed

• Real demand shows up in CME volume and open interest over the next weeks, not one debut print

📊 Daily

• Lost the 1D EMA50 (~$7.32); EMA20 ~$7.60 above

• Wilder RSI 1D ~42: cooled, not oversold

• Oct 21 tried $7.74–7.79 and got rejected

⏱ 4H

• Range since Oct 13: $6.74–7.79

• Price below EMA20/50 (~$7.36 / $7.38)

• S1 $7.00–7.07 (Oct 17 + today's lows), S2 $6.74–6.83 (range low)

🟢 Bull case

Floor holds, 4H closes back above $7.38 and retests it. Next: $7.74–7.79.

🔴 Bear case

4H close under $6.74 breaks the 9-day range. Then the futures headline was the top for now.

🎯 My take

• Bid $7.00–7.07, add $6.74–6.83

• Out: 4H close < $6.74

• TP1 $7.33–7.38 (~0.9–1R), TP2 $7.74–7.79 (~2.1R)

Good news + red candle usually means late longs flushing. I want the floor, not the headline. If $6.74 goes, I'm wrong and I step aside.

NFA, DYOR. Where are you bidding $UNI ?