This surge has erased losses recorded over the past month, putting UNI back in the positive zone.

An analysis of market sentiment indicates that while on-chain activity could open the door to further rallies, the asset still faces threats, as AMBCrypto’s research suggests.Market data shows that the recent price increase may be归因于几个关键的链开发项目。

一个重要的贡献者是Uni的总持有人数量，该数量已达到了新的历史最高水平。

在撰写本文时，大约370,000个地址现在拥有UNI。而这些addr持有的总卷没有指定杂货，这可能是重要的，这导致了最近的24小时价格上涨。

资料来源：Artemis

在此期间，Uni的国库价值也增长，进一步增强了看涨的情绪。 The treasury is now valued at $5.6 million.

This growth indicates that Uniswap’s financial health is strong and that the team has the necessary resources to support development efforts when required.

While these market developments have drawn investors closer to UNI, sentiment data also suggests the market isn’t entirely bullish.

Market analysis reveals a notable drop in spot随着数量的继续下降。

目前，DEX的现货数量仅下降，对于Uni的交易数量下降，UNI的交易量仅下降。

来源。

来源：Artemis

这种持续的减小表明，这种现场可能仍在销售，这可能会使潜在的压力下降，潜在的压力下降，这可能会下降。同时，Defillama的数据表明，UNISWAP的总价值锁定（TVL）的数据急剧波动（TVL），该数据跟踪存放在协议中的资产。

TVL在6月初徘徊在48.47亿美元左右，现在为48.47亿美元，现在为4.883亿美元。这种轻微的增长表明，过去10天的流动性流入最少。

来源：Defillama

这种趋势表明投资者的定罪不是特别强。与其长期将资产锁定到流动性池中，不如将资金保留在集中式交易所（CEXS）上以进行快速抛售。

现货市场数据表明，最近卖方更具统治地位。

在过去的48个小时中，售价为7.93亿美元。

资料来源：Coinglass

尽管这增加了资产的下降压力，但衍生品市场数据表明，Centra的交易者lized Exchanges remain bullish.

In just the past 24 hours, UNI’s Funding Rate has risen notably to 0.0044%, indicating that long-position holders are paying a premium in anticipation of further rallies.

Source: CoinGlass

Overall, market sentiment reveals that long traders are countering the selling pressure from the Spot Market, sustaining a generally bullish Outlook。