Here’s a hot take! This is A-share market makers pushing up the stock price, while the exchange opens long positions to squeeze the shorts. A-shares have a ridiculously small float, and retail investors have all been scared into selling at a loss by the “toy factory” narrative. They don’t dare buy in either, afraid of getting stuck holding the bag.
Over the past few days, several platforms have seen at least hundreds of millions of dollars in trading volume combined. A ton of people are shorting it, and the negative funding rate is absurdly high. The market makers are going long on one side and collecting funding fees on the other! The A-share market makers are having a field day! $UNITREE $UNITREE
Over the past few days, several platforms have seen at least hundreds of millions of dollars in trading volume combined. A ton of people are shorting it, and the negative funding rate is absurdly high. The market makers are going long on one side and collecting funding fees on the other! The A-share market makers are having a field day! $UNITREE $UNITREE
