UNI Price Surges 9.6% Amid Bitcoin Rotation and Smart Money Long Bias

UNI's price surged 9.6% to $3.94 in a single session, breaking above its major moving averages and signaling a strong conviction from buyers.

The move is attributed to capital rotating out of Bitcoin and into higher-beta DeFi plays as risk appetite returns across crypto markets.

According to the derivatives data, open interest dropped 4% over 24 hours while price surged 9.6% simultaneously, a textbook short squeeze fingerprint.

The smart money is now aggressively long-biased, with top-tier traders on Binance running 59.7% long with a 1.48 ratio and the taker buy/sell ratio reinforcing this at the tape level.