Uniswap (UNI) fell about 5.6% on Binance in the hour to 10:50 a.m. ET Thursday as long liquidations across three exchanges reached $1.21 million, far above closures of short positions.
On Binance’s spot market, the price of UNI against Tether (USDT) moved from $7.20 at 9:50 a.m. ET (14:50 UTC) to $6.80 at 10:50 a.m. ET (15:50 UTC). The $7.20-to-$6.80 move was the hourly change; the 11.11% figure covers the preceding 24 hours.
The one-hour liquidation tally for Binance, Bybit and OKX recorded $1.21 million in long positions and $20,000 in short positions. Long positions generally benefit from rising prices, while short positions benefit from falling prices. UNI is the governance token of the Uniswap Protocol. The liquidation totals cover positions closed across all three exchanges; the cited price movement is from Binance’s spot market.
As of 16:03 UTC, live market data showed UNI at $6.75, down 11.79% over the preceding 24 hours.
