Discovering UNI under water
- Assets covered: UNI
- Metrics used: Social Volume, Network Profit/Loss, Funds Flow, Open Interest, Longs/Shorts Ratio
- Takeaway: Uniswap tokens keep drowning in red, while traders remain bullish. Real pain is not here yet. Three signs to spot reversal.
Uniswap token appeared in Santiment Emerging Trends second time after the airdrop madness:
Usually we'd say this is likely a top for a token. Is this the case for Uniswap?
Social volume has indeed increased a bit compared to recent days:
It could be healthy for a bottomish zone.
Best if this social volume consists of mainly negative sentiment.
This time it's a bit mixed, no positive or negative dominance:
Looking at the Profit/Loss metric, we could really understand the ones suffering:
Looks like we had the biggest ever UNI tokens network loss on October 6th (a
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