web3: UNI faces pressure after two consecutive days of decline, retail demand weakens
Uniswap token UNI has fallen for two consecutive days. Despite ongoing product expansion, short-term demand for the token itself remains unimproved. With the upcoming release of the US July CPI data, trader risk appetite is shrinking, and retail participation is also declining.
Avalanche launches on-chain auction feature
Recently, Uniswap launched Continuous Clearing Auctions on Avalanche, allowing project teams to conduct on-chain token auctions via smart contracts and establish initial liquidity on Uniswap v4. This feature mainly targets new project issuance and liquidity bootstrapping scenarios.
This move has expanded Uniswap's reach within the Avalanche ecosystem and reinforced its role as infrastructure for token issuance, trading, and liquidity management. However, based on current market performance, product advancements have not yet significantly boosted short-term UNI buying.
Futures positions and liquidations show weak sentiment
CoinGlass data shows that UNI futures open interest fell to $261.6 million in the past 24 hours, down over 3% compared to the previous day. This usually means some traders are closing positions and leverage exposure is shrinking.
During the same period, UNI long liquidations reached $2.88 million, significantly higher than the short liquidations of $1,950. As prices pulled back, long positions faced greater pressure.
However, the weighted funding rate for open futures contracts has recovered from negative 0.0054% the previous day to 0.0016%. This indicates that leverage funds remaining in the market are slightly biased toward longs, but overall sentiment remains fragile.
- Futures open interest: $261.6 million
- 24-hour long liquidations: $2.88 million
- Weighted funding rate: 0.0016%
Caution rises ahead of macro data release
The report notes that one reason for weakening retail interest is that the market is waiting for the US July CPI data. This data may influence the Federal Reserve’s next interest rate decision and affect short-term sentiment for risk assets.
If inflation exceeds expectations, anticipation for tighter monetary policy may rise; if the data is more moderate, crypto market sentiment may see some recovery. For UNI, the current price pullback is coupled with cautious trading ahead of macro events.

From a news perspective, Uniswap continues advancing product and ecosystem development. However, from a trading perspective, capital outflow, declining positions, and intensified long liquidations indicate the market has yet to translate these developments into immediate demand for UNI.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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