Amber Group withdraw 358,000 UNI, dey signal Binance liquidity
Amber Group don do big UNI token withdrawal for Binance, dem move 358,000 UNI (≈$3.81 M) for average price $10.64. Dis first big UNI withdrawal for more than one year, e bring around $230,000 unrealised gains as market price rise. On-chain analysis by @ai_9684xtpa show say dem send di tokens go private wallets, including new address (0xeB4…CD0E5), wey suggest say dem dey manage liquidity, dey self-custody, or maybe na OTC deals. Traders suppose sabi say dis UNI token withdrawal dey reduce Binance liquidity and fit affect market mind and price pattern, as transparent on-chain data make community fit track how institution dey move their assets.
Bullish
Big UNI token withdrawal wey one major market maker do reduce di circulating supply for exchanges and e show say institutions get confidence, wey dey support better outlook. For short term, lower Binance liquidity fit make sell-side pressure tight and push prices up. For long term, strategic self-custody or OTC positioning by Amber Group mean say dem dey hold long term, wey go strengthen positive sentiment and potential upside for UNI.