Uniswap exchange outflows boom – Are whales accumulating or preparing to sell?
If the past two weeks' momentum can be sustained, UNI could move as high as the $5.14-$5.77 area.
The Uniswap [UNI] metrics showed robust on-chain activity, and derivatives data supported upside for the altcoin that rallied 25% in the first ten days of May. AMBCrypto previously reported that the protocol’s earnings were on track to be one of the strongest quarterly performances yet.
Yet, despite the strong recent gains and the bullish speculative interest, UNI bulls were unable to break the bearish swing structure.
Here’s the latest on token trends and what you can expect next.
Elevated UNI exchange outflows point to collective conviction
Analyst CryptoOnchain demonstrated that the total coin outflow of the top 10 outflow transactions was surging in the past three weeks. The 7-day moving average of the metric reached highs not seen since July 2025.
The analyst warned that, though outflows are traditionally bullish, it could also be a warning of coordinated selling. The large UNI holders could be using the tokens as collateral to go short on DEXes, for example.
The 7-day moving average of the exchange netflows showed a gradual increase in inflows over the past month. This was a bearish sign, though the top 10 transactions’ trend signaled potential accumulation.
Uniswap price charts show a bearish trend in play
The bearish swing structure on the 1-day chart was used to plot a set of Fibonacci retracement levels. The recent rally from the $3 local lows was not enough to even break the local $4.3 resistance zone.
The internal structure was bullish, and the moving averages have formed a positive crossover. The CMF was above +0.05 to signal steady capital inflows.
If the past two weeks’ momentum can be sustained, UNI could rally as high as the $5.14-$5.77 area. However, investors must remember that the higher timeframe bias remained bearish.
The buyers can use the moving averages as a dynamic support but should manage their risk carefully and remember to take profits in case of a rally.
Final Summary
- The Uniswap protocol’s earnings and TVL were encouraging for the bulls, as were its speculative interest and top 10 transactions’ outflow trends.
- Yet, given the higher timeframe price structure, bulls should be watchful for a bearish shift.
