Analyst: UNI exchange inflow reached a new high for the year, price under pressure entering the distribution phase

Cryptocurrency analyst Darkfost pointed out that the Uniswap token UNI has performed strongly since the beginning of the year, with its TVL reaching a new high for the year in September (over $4 billion), and DEX trading volume also peaking at $93.6 billion. The price has risen by as much as 370% from the low in June. However, due to the increase in the number of tokens flowing into exchanges, UNI is currently in a distribution phase. The inflow of UNI on Binance reached its highest level of the year, with the Z-score exceeding 4 multiple times in late September, and daily inflows exceeding $40 million. Although the inflow momentum seems to have weakened, the overall inflow remains quite active. If the inflow continues to decline, UNI may be expected to bottom out, ending a correction of over 30% since its recent high of $10.9.