$UNITREE The broader market has been all over the place these past couple of days, but Unitree has managed to hold steady? 🔥
You’ve all seen how hard the broader market has fallen over the past couple of days, right? Plenty of tech stocks have been swinging wildly, but Unitree seems completely unfazed, with its price hovering around 100.
Honestly, that’s the part that’s most frustrating.
Longtime followers know I’ve been bearish on Unitree and waiting for it to move lower. But here’s the question: why hasn’t it fallen along with the broader market?
The key is the balance between longs and shorts in the market!
Unitree’s price action can no longer be judged solely by applying the same logic used for U.S. tech stocks. Short-term capital flows, changes in long and short positions in futures, and funding rates can all directly affect the price.
In particular, the funding rate is still negative, meaning shorts have to pay longs. In other words, long holders can collect funding payments, while shorts have to bear the cost. And with buyers continuing to step in, the price naturally isn’t so easy to push down.
Here’s where it gets interesting: shorts think the price should fall, but longs aren’t willing to leave. Both sides are locked in a battle of attrition. In the end, it may not be about who gets the direction right, but who gives in first!
Yesterday, a follower asked me whether Unitree is still worth shorting.
My position is clear: don’t rush into a trade!
That’s not to say it won’t fall, but the current balance between longs and shorts is making things really tough. Going long means guarding against a sudden plunge; going short means paying negative funding. Before the market picks a direction, jumping in too soon can leave you getting hit from both sides.
I’d rather miss out on some gains than force a trade in a market I can’t read. Keep an eye on the funding rate and buying activity. There’s no harm in waiting until the balance of power between longs and shorts becomes clear before making a move!
#美股一夜蒸发超2万亿，多家对冲基金面临清算 #币安将恢复更多资产提现
You’ve all seen how hard the broader market has fallen over the past couple of days, right? Plenty of tech stocks have been swinging wildly, but Unitree seems completely unfazed, with its price hovering around 100.
Honestly, that’s the part that’s most frustrating.
Longtime followers know I’ve been bearish on Unitree and waiting for it to move lower. But here’s the question: why hasn’t it fallen along with the broader market?
The key is the balance between longs and shorts in the market!
Unitree’s price action can no longer be judged solely by applying the same logic used for U.S. tech stocks. Short-term capital flows, changes in long and short positions in futures, and funding rates can all directly affect the price.
In particular, the funding rate is still negative, meaning shorts have to pay longs. In other words, long holders can collect funding payments, while shorts have to bear the cost. And with buyers continuing to step in, the price naturally isn’t so easy to push down.
Here’s where it gets interesting: shorts think the price should fall, but longs aren’t willing to leave. Both sides are locked in a battle of attrition. In the end, it may not be about who gets the direction right, but who gives in first!
Yesterday, a follower asked me whether Unitree is still worth shorting.
My position is clear: don’t rush into a trade!
That’s not to say it won’t fall, but the current balance between longs and shorts is making things really tough. Going long means guarding against a sudden plunge; going short means paying negative funding. Before the market picks a direction, jumping in too soon can leave you getting hit from both sides.
I’d rather miss out on some gains than force a trade in a market I can’t read. Keep an eye on the funding rate and buying activity. There’s no harm in waiting until the balance of power between longs and shorts becomes clear before making a move!
#美股一夜蒸发超2万亿，多家对冲基金面临清算 #币安将恢复更多资产提现
