The post Uniswap Exchange Stabilizes Near $6.50 as Open Interest Collapses and Volume Declines appeared on BitcoinEthereumNews.com.

Uniswap’s recent price action reflects a phase of market stabilization following a sharp liquidation-driven decline. After experiencing high volatility earlier in the week, the asset has now settled near the $6.59 mark, showing signs of cautious accumulation as traders reassess positioning in a lower-volatility environment. The token’s resilience at this range suggests that selling momentum has cooled, though broader confidence remains tentative. Open Interest Data Shows Sharp Derivatives Unwind Data from Coinalyze reveals a pronounced drop in aggregated open interest for the Uniswap exchange following the steep sell-off that drove prices briefly toward $2.00. Open interest plunged from highs above 300 million to roughly 144 million, signaling a large-scale liquidation of leveraged positions. This decline underscores a widespread deleveraging event, which has since left the derivatives market in a subdued state. Source: Open Interest The hourly price chart shows the token recovering from the liquidation wick and stabilizing between $6.30 and $6.50, a range that appears to be acting as a near-term equilibrium zone. Reduced open interest implies that speculative participation remains limited, suggesting that short-term traders are waiting for clearer directional cues before re-entering. This contraction phase often precedes volatility expansion as liquidity gradually rebuilds across the order book. Market Data Reflects Stable Fundamentals Despite Weak Momentum According to BraveNewCoin, UNI currently trades at $6.59, down 0.95% in the past 24 hours, with a market capitalization of $3.95 billion and a 24-hour trading volume of $281 million. The token ranks 43rd among global cryptocurrencies and maintains an available supply of 600,483,073 tokens. Despite the muted short-term movement, the token continues to show robust on-chain activity and consistent liquidity on decentralized exchanges. Source: BraveNewCoin The data points to consolidation within the $6.00–$7.00 range, with volume compression indicating that market participants are positioning cautiously after the prior week’s heavy volatility. This…

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Filed under: News - @ October 17, 2025 4:24 am