Whale Yanks $1.06M in UNI Off OKX, Bets the Dip Before $3 🐳

A wallet withdrew 360,071 UNI, valued at approximately $1.06 million, from OKX, reducing immediate exchange supply and signaling renewed whale accumulation of the Uniswap governance token. Spot data corroborated the move: UNI recorded a net outflow of $1.18 million, with more tokens leaving exchanges than entering, a pattern consistent with holders preferring self-custody over selling pressure. The withdrawal occurred against a backdrop of subdued exchange balances, which continued to shrink gradually rather than spike.

Derivatives positioning reflected similar conviction. On Binance, the Long/Short Ratio stood at 66.04% long versus 33.96% short at press time, indicating that leveraged traders remained net-long despite UNI trading below key resistance. Such an imbalance left the market more sensitive to pullbacks, but participants had not meaningfully reduced exposure through the latest consolidation.

Uniswap remained capped below the $3.014 resistance level after failing to extend a rebound from $2.394 support. Buyers defended higher lows without generating sufficient momentum to reclaim the next technical barrier. The Parabolic SAR continued printing dots above price, signaling that sellers retained control of the broader trend, while the MACD showed its two signal lines converging near the zero line and the histogram flattening. That combination pointed to gradually fading buying strength following the recovery rally, even as UNI held above its recent swing low.