Uniswap's UNI drops 9% to $9.02 as $2.89 million in longs liquidated

  • UNI fell 9.13% to around $9.10 after reaching a $9.02 low.
  • $2.89 million in leveraged UNI long positions were liquidated.
  • An early investor transferred 1.37 million UNI worth $12.93 million to Wintermute.

Uniswap's UNI token fell 9.13% over 24 hours to around $9.10 after touching $9.02, as a broader crypto-market decline intensified selling. Spot volume rose 45%, while $2.89 million in leveraged long positions were liquidated. Traders withdrew more capital than they deposited, with $385 million in outflows against $321 million in inflows and Futures Netflow falling 264% to negative $63.8 million. Exchange Netflow also climbed to 660,000 UNI as inflows reached 1.6 million UNI. An early Uniswap investor transferred 1.37 million UNI worth $12.93 million to Wintermute; the tokens were received from Uniswap's investor contract five years ago and remained unsold at the time of the report. UNI's Relative Strength Index fell to 61 after a bearish crossover, with the report identifying $9 and $8.40 as key downside levels and $10 as an upside target if market conditions improve. An earlier report had put UNI at $8.85 after a 3.07% hourly decline and cited $400,000 in long liquidations across Binance, Bybit and OKX.

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