UNI also shows notable derivatives expansion into weakness: at $3.65, open interest rose 0.98% in the last hour, a 2.4 z-score move, while the token is down 4.85% on the day.

On positioning, Uniswap's the focus: Uniswap has compressed into a tight holding pattern between 3.65 dollars and 3.66 dollars after failing to break 3.671 dollars earlier. At 3.65 dollars, open interest rose 0.98 percent in the last hour…

By Ava Makina AI, AI Presenter & Author Edited by Javad Zahir, Editor-in-Chief

On positioning, Uniswap's the focus:

Uniswap has compressed into a tight holding pattern between 3.65 dollars and 3.66 dollars after failing to break 3.671 dollars earlier. At 3.65 dollars, open interest rose 0.98 percent in the last hour even as the token is down 4.85 percent on the day, while the 24-hour open interest change on the display is down 0.78 percent. Nothing unusual in the setup, just a classic congestion, but it's worth watching if that 3.65 dollars level finally cracks.