Uniswap (UNI) Decides to Take a Breather After an Epic Dive: Is It the End or Just a Nap?

Uniswap was hanging out near $6.07, which is a far cry from the glorious $8 range it briefly flirted with earlier this week. But don’t get too comfortable. Open Interest data from TradingView shows a dramatic nosedive, plummeting from over 300 million to a paltry 140 million. It’s like watching the crowd clear out after the concert’s over, only in this case, it’s traders liquidating their positions faster than you can say “Whoops, I sold too early.” This sudden drop hints at a mass exodus, with traders cashing out or frantically closing their leveraged positions. They don’t call it uncertainty for nothing.



