Uniswap Price Slips to $5.81 as Open Interest Holds Near 183M
Uniswap's price declined to $5.81 while derivatives Open Interest remained stable near $183 million, suggesting consolidation.Summary
The price of Uniswap (UNI) has gradually declined to the $5.81–$5.83 range, reflecting steady selling pressure amid broader market consolidation where derivatives positioning is normalizing. Crucially, aggregated Open Interest (OI) has remained flat, fluctuating around $183.11M despite the price drop. This stability indicates that derivatives traders are not aggressively adding new directional bets, suggesting the decline is driven by spot weakness rather than liquidation-driven volatility.
Currently, UNI trades around $6.01 (down 1.95% in 24 hours) with a market cap of $3.79B and $301M in daily volume. Technical indicators show weak momentum; the MACD line is below the signal line, trending down, and the Chaikin Money Flow (CMF) has dipped below zero, suggesting cooling inflows and dominant distribution. The price action is characterized by lower highs, consolidating just above the structural low near $4.70, indicating a wait-and-see stance until a clear break above local highs occurs.
(Source：Brave New Coin)