$AAVE and $UNI bounce ~12% off their lows while BTC stays red. Short squeeze or dead-cat?
Binance data, 08:00 KST Oct 31:
• AAVE 128.5 (+7.3% 24h), up from a 115.2 low. Funding still negative (-0.012%), so shorts are paying while price climbs. OI flat ~$52M.
• UNI 7.00 (+9.2% 24h, $94M spot vol), up from 6.26. Funding ~0, top-trader positions 3.1 long per short. OI ~$147M, down from ~$161M.
• BTC 76,945 (-2.6%).
Both are still well below their 20-day averages (AAVE ~146.8, UNI ~7.18), so this is a relief bounce inside a downtrend until proven otherwise.
Bull case: AAVE reclaims 134 (prior daily close) and holds, which opens 138-139. UNI closes a day above 7.18-7.25 with volume, which targets 7.50.
Bear case: AAVE loses 118-119, retest 115. UNI back under 6.47, retest 6.25.
Risk: negative funding into a rally can flip fast. If BTC loses 76K, alt bounces usually get sold first. Size small and use stops.
Are you buying this DeFi bounce or waiting for the retest?
#WriteToEarn
Not financial advice. DYOR.
Binance data, 08:00 KST Oct 31:
• AAVE 128.5 (+7.3% 24h), up from a 115.2 low. Funding still negative (-0.012%), so shorts are paying while price climbs. OI flat ~$52M.
• UNI 7.00 (+9.2% 24h, $94M spot vol), up from 6.26. Funding ~0, top-trader positions 3.1 long per short. OI ~$147M, down from ~$161M.
• BTC 76,945 (-2.6%).
Both are still well below their 20-day averages (AAVE ~146.8, UNI ~7.18), so this is a relief bounce inside a downtrend until proven otherwise.
Bull case: AAVE reclaims 134 (prior daily close) and holds, which opens 138-139. UNI closes a day above 7.18-7.25 with volume, which targets 7.50.
Bear case: AAVE loses 118-119, retest 115. UNI back under 6.47, retest 6.25.
Risk: negative funding into a rally can flip fast. If BTC loses 76K, alt bounces usually get sold first. Size small and use stops.
Are you buying this DeFi bounce or waiting for the retest?
#WriteToEarn
Not financial advice. DYOR.
