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Uniswap price fell 3.09% to USD 7.73 over 24 hours amid a broader decline across the cryptocurrency market. UNI traded below USD 8 after losing USD 9 support during an earlier sell-off. CoinGlass figures from the earlier trading period showed more than USD 5.7 million in long liquidations and USD 61 million in net futures outflows as the token declined.
UNI’s latest decline followed a sharper fall in the previous market update. The token traded near USD 8.19 after dropping 9.16%, while trading volume rose 39%. Sellers pushed the price to approximately USD 8.00 after it failed to maintain USD 9 support.
At USD 7.73, Uniswap traded below the earlier session’s reported low. The latest 3.09% decline and the previous 9.16% fall cover separate rolling periods, tracking UNI’s retreat across successive market updates.
Bitcoin also weakened during the wider market decline. An October 8 update placed BTC at USD 82,652.75, down 1.8% over 24 hours. Its daily trading range ran from USD 82,317.68 to USD 84,340.14, placing the largest cryptocurrency below USD 84,000 alongside UNI’s losses.
U.S. spot Bitcoin exchange-traded funds recorded approximately USD 487 million in net withdrawals on October 7. BlackRock’s IBIT accounted for around USD 208 million, while Fidelity’s FBTC recorded USD 105 million. The withdrawals followed net inflows of approximately USD 119 million the previous day.
According to CoinGlass figures in the earlier analysis, exchanges liquidated more than USD 5.7 million in UNI long positions over 24 hours. Long positions gain value when prices rise. Exchanges automatically close leveraged positions when traders lack enough collateral to maintain them after losses.
During the same reporting period, UNI futures recorded USD 312 million in outflows against USD 251 million in inflows. The difference produced a negative net flow of USD 61 million, showing withdrawals exceeded deposits across the tracked futures accounts.
The futures figures accompanied the earlier decline to around USD 8.19. The liquidation total and account flows cover the previous reporting period, before the latest price update placed UNI below USD 8.
Meanwhile, spot net flows reached negative USD 8.89 million. More UNI left tracked exchanges than entered them during the period. Exchange withdrawals reduce balances available on trading platforms, although transfers can involve either recently purchased tokens or existing holdings moved to other wallets.
According to analysis, USD 7.40 represents nearby support, followed by USD 7.00. The 50% Fibonacci retracement sits near USD 7.96, providing a resistance level above the latest price. UNI traded USD 0.33 above support and USD 0.23 below resistance.
The relative strength index reading stood at 36.62, below the neutral midpoint of 50. An RSI below 30 usually marks oversold territory. Earlier chart analysis also showed weakening MACD momentum and a bearish crossover in the Stochastic Momentum Index, with both indicators pointing to downward momentum.
The U.S. Bureau of Labor Statistics will release September consumer price data on October 14 at 8:30 a.m. ET. The inflation report will provide an updated measure of consumer price changes ahead of the Federal Reserve’s October 27–28 policy meeting.
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