A trader withdrew 1.79 million UNI, worth $13.18 million, from Venus Protocol and deposited them on Binance. This trader had purchased the UNI a year ago at an average price of $9, but after the recent trend reversal, his position now shows a loss of approximately $3 million. At the time of writing, UNI was trading around $7.52, up slightly by 1.26%, but trading volume dropped by 47%, signaling reduced market activity. The Relative Strength Index (RSI) remains in bearish territory at 46, with the price trading below the 20-day exponential moving average, suggesting sustained selling pressure. CryptoQuant’s Exchange Netflow data remained negative for three consecutive days, indicating that more assets have been leaving exchanges.
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