According to analysis from AMBCrypto, elevated UNI exchange outflows point to collective conviction among large holders. Analyst CryptoOnchain demonstrated that the total coin outflow of the top 10 outflow transactions was surging in the past three weeks, with the 7-day moving average of the metric reaching highs not seen since July 2025. While outflows are traditionally bullish, they could also signal coordinated selling as large UNI holders potentially use tokens as collateral for short positions on DEXes.
As reported by AMBCrypto, UNI rallied 25% in the first ten days of May despite strong recent gains and bullish speculative interest. The protocol's earnings were on track to deliver one of the strongest quarterly performances yet, with encouraging speculative interest and top 10 transactions' outflow trends. However, the bearish swing structure on the 1-day chart prevented UNI from breaking the local $4.3 resistance zone from recent rally attempts.
According to AMBCrypto analysis, the 7-day moving average of exchange netflows showed gradual increase in inflows over the past month, creating a bearish signal despite the top 10 transactions' trend signaling potential accumulation. The internal structure remained bullish with moving averages forming a positive crossover and CMF above +0.05 signaling steady capital inflows. If the past two weeks' momentum can be sustained, UNI could rally as high as the $5.14-$5.77 area, though the higher timeframe bias remained bearish.
