Lookonchain: Wallet Withdraws 521K UNI From Bybit
Lookonchain reported a newly created wallet withdrawing 521,501 UNI worth $3.69 million, 915,747 MORPHO worth $1.95 million, and 10 million ARB worth $1.54 million from Bybit.
SourceAnalysis
Lookonchain flagged a fresh wallet address that pulled 521,501 UNI ($3.69M), 915,747 MORPHO ($1.95M), and 10M ARB ($1.54M) straight from Bybit.
UNI trades at $6.98 on the 4-hour chart inside a bearish structure defined by the EMA50 at $7.11 and EMA200 at $7.55. Momentum sits neutral with RSI at 45.61 while the MACD registers a death cross at 0.02. Price remains inside the Bollinger Bands, testing the lower band near $6.89 support and facing upper resistance at $7.47. With price testing upper Bollinger resistance at $7.47 while the death cross persists, a healthy retracement toward the 50-EMA support at $7.11 appears probable before any sustained move higher.
Lookonchain
@lookonchainLooking for smartmoney onchain