Uniswap approaches $7.50 resistance as 60% of positions are long
- —Open interest in UNI rose to $501 million over the past day
- —Long positions account for 60% of the total market
- —More than $376 million in liquidity is concentrated around $7.50
- —Spot buying and retail activity are rising, supporting the price
Why it matters: The long-heavy positioning makes UNI vulnerable to a sharp pullback: a break above $7.50 would fuel further gains, while a rejection would trigger a wave of liquidations.
Source: TokenPost