"Uniswap Faces a Bullish Setback, Why Can't Whale Purchases Save the Price?"
Uniswap (UNI) has recently experienced market dynamics that are quite perplexing. In just 24 hours, the volume of large transactions surged by 200%, indicating a significant increase in whale activity. However, at the same time, the inflow to exchanges has decreased for three consecutive days, and the prices of altcoins have dropped by 9% in less than 48 hours. What do these contradictory signals really indicate?
The surge in whale activity is often seen as a strategic layout signal from major players in the market. According to IntoTheBlock data, the spike in the number of large transactions on Uniswap has sparked market speculation. But whether this is a bullish strategy from whales or a signal of exit remains unknown.
Meanwhile, the decrease in inflow to exchanges suggests that retail investors may be inclined to hold and wait, but it could also indicate a weakening interest in the market. The contrast between declining capital inflow and active whales adds to the uncertainty in the market.
From a technical perspective, Uniswap's price might test the key support level of $12, and the risk of liquidation is imminent. If the price continues to decline, market sentiment may be affected, but this adjustment could also create opportunities for a rebound.
Regardless, these mixed signals remind us that opportunities and risks coexist in the market. Want to learn more in-depth analysis? Follow Jiaoshou, so you won't miss any important moment!
