Uniswap (UNI) Price Jumps 40% on BlackRock News — Did the Rally Just Trap Retail Buyers?
Uniswap's 40% surge, fueled by BlackRock news, quickly reversed as whales sold into retail demand, trapping late buyers.Summary
Uniswap (UNI) price surged nearly 42% to $4.57 on February 11 following news of its integration with BlackRock's tokenized fund (BUIDL), but this rally quickly collapsed, erasing 26% of the gains.
The initial breakout was preceded by a bullish divergence on the RSI and an upward break in On-Balance Volume (OBV), suggesting building retail momentum. However, analysis of whale data revealed that large holders distributed approximately $27 million worth of UNI as the price peaked near $4.57, indicating they were exiting into the retail-driven strength.
Technical analysis on the 4-hour chart showed the rally completed its measured move from an inverse head-and-shoulders pattern, while a bearish OBV divergence warned that volume strength was weakening. This dynamic suggests the surge acted as a liquidity event for whales, trapping retail buyers who entered late. The price is currently drifting near $3.40, and a breakdown below $3.21 could lead to a retest of the $2.80 support level.
(Source：BeInCrypto)