$UNITREE Yesterday it plunged through 86.6, then bounced back in a V-shape. Today at 09:00, volume suddenly surged to 13.2M for a second push to 98.44, before hovering around 96 at the close.
The funding rate dropped to -0.11%, suggesting heavy short-side payments and a strong squeeze setup. Open interest rose from 187,000 to 198,000 contracts in an hour, with notional value climbing to about $19 million. RSI is stuck in the neutral 48–50 zone, while the MA20 is holding around 97.
Downward pressure remains in the 99 zone, and a failure to break through on huge volume could easily lead to a pullback. Don’t treat it as a bullish signal unless it gets back above 97. If it breaks today’s low of 93.7, this short squeeze is likely over. Not investment advice.
#UNITREE #Contracts
The funding rate dropped to -0.11%, suggesting heavy short-side payments and a strong squeeze setup. Open interest rose from 187,000 to 198,000 contracts in an hour, with notional value climbing to about $19 million. RSI is stuck in the neutral 48–50 zone, while the MA20 is holding around 97.
Downward pressure remains in the 99 zone, and a failure to break through on huge volume could easily lead to a pullback. Don’t treat it as a bullish signal unless it gets back above 97. If it breaks today’s low of 93.7, this short squeeze is likely over. Not investment advice.
#UNITREE #Contracts
