UNI whale sells 5.85 million dollars, yet the price stabilizes at 10.6?
Today's movement of UNI is indeed interesting—during the early session, it surged to 10.679 on the tailwind of the market's general rise, but a five-minute candlestick closed with a long upper shadow, and it was subsequently pushed back to close at 10.671. On the surface, it appears to rise by 0.53%, with a fluctuation of only 0.61%, but in reality, there are undercurrents. The middle line of the Bollinger Bands at 10.6 held firm, and the price is closely attached to the upper line at 10.786; this kind of squeezed rise is most afraid of insufficient volume. What's more critical is the MACD: DIF is about to cross below DEA, and the bars are continuously turning green, clearly indicating a depletion of bullish momentum.
The sudden bad news comes from the whale clearing out: three hours ago, a large holder dumped 662,000 UNI, cashing out 5.85 million dollars, with a net profit of 1.88 million dollars over two months! The cost was only 6 dollars, and 8.8 dollars were fully returned to Binance, a typical profit-taking action. What’s particularly strange is that he chose to sell after UNI broke through 10 dollars. This precise top escape has a huge psychological impact on retail investors—after all, the whale's holding cost is low, and selling poses no pressure.
The “explosive” signal in the market further verifies the risk: liquidation orders are piling up above 10.7, and the main force is clearly using high positions to liquidate longs. In combination with volume, during the early session's rise, trading volume shrank, which is a typical “low volume, false signal.”
Yangming Strategy:
If it stabilizes at the middle line of 10.6: light positions to bet on a short-term rise to 10.78, but must closely monitor whether the whale will sell again;
If it breaks below the psychological support of 10.5: the probability of a retest at 10.2 increases significantly, making it safer to buy the dip at that time.
Beware of the MACD death cross widening—once confirmed, the pullback may accelerate.
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