A long-term Uniswap holder sent 2.16 million UNI worth $6.61 million to Binance after holding the tokens for roughly a year.
The transaction attracted attention because the whale originally withdrew the same position when its value stood near $13 million, meaning the latest deposit locked in an estimated $6.39 million loss.
Such behavior often reflects capitulation from larger holders who no longer expect an immediate recovery. The timing also carried added significance because UNI continued trading near a major support zone.
The move suggested that at least one large investor had accepted losses rather than waiting for a stronger rebound.
Exchange inflows flash fresh warning signs
Beyond the whale transaction, broader exchange activity also shifted in a bearish direction. UNI Spot netflows turned positive, with approximately $4.65 million entering trading venues during the latest session.
Positive netflows generally indicate that more tokens moved onto exchanges than left them, increasing the amount of supply available for sale.
This development arrived while UNI traded around $3.00, adding further pressure to an already fragile market structure. Recent weeks had shown relatively muted inflow activity compared with the latest spike.
If exchange balances continue expanding, sellers could maintain greater control over near-term price action.
Can UNI hold the critical $3 support?
Uniswap [UNI] continued trading near the key $3.00 support zone, with the price hovering around $2.99 during the latest session at the time of writing.
The chart also showed a major resistance level near $4.00, which repeatedly rejected previous recovery attempts.
The broader structure remained bearish because UNI continued forming lower highs beneath resistance.
Technical indicators reinforced that weakness. The DMI showed -DI at 22.90, holding above +DI at 12.01, while the ADX stood at 25.10, indicating sellers retained control of the prevailing trend.
In addition, the Parabolic SAR remained above price at 3.542, maintaining a bearish signal on the daily timeframe.
If buyers continue defending $3.00, UNI could attempt another recovery. However, a decisive breakdown would likely expose the asset to deeper losses.
UNI traders keep betting on recovery
Despite rising exchange supply and bearish technical conditions, Binance’s largest traders maintained a bullish stance.
Data showed that 60.71% of top trader accounts remained long, while only 39.29% stayed short.
The resulting Long/Short Ratio of 1.55 highlighted continued confidence among experienced market participants. This positioning created an interesting contrast with the whale capitulation event and rising exchange inflows.
Rather than reducing exposure, many traders appeared willing to maintain bullish bets near support.
Their behavior suggested expectations for a rebound from current levels. However, sustained buying interest would still need to absorb the growing exchange supply. Until that happens, bullish conviction alone may not guarantee a trend reversal.
Final Summary
- Whale capitulation and rising exchange inflows increased pressure around UNI support.
- Binance traders remained bullish even as bearish signals dominated the chart.
