Markets· ★★· bearish·

UNI drops 9.16% to $8.19 as $5.7M in longs get liquidated

  • —UNI fell 9.16% on the day to $8.19, hitting a low of $8.00
  • —Over $5.7 million in longs were liquidated as volume rose 39%
  • —Futures netflow dropped 104% to -$61 million
  • —Spot netflow of -$8.89 million hints at dip buyers stepping in
Why it matters: A continued sell-off could push UNI below $8 toward $7.6, while spot demand may cushion the drop.
#UNI
Source: AMBCrypto
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