Conclusion: The account is about 70% short, and shorts were still paying a hefty amount at noon.
The $UNITREE contract was around 107.9,
down about 3.6% on the day.
High: 113.3; low: 107.1.
Trading volume was about 47.4 million U.
Binance has no spot market for it;
this is a pre-market tokenized contract for a Unitree Robotics robot.
The account was about 68% short, and large traders were at a similar level.
In the noon period, shorts paid about 0.36% every 4 hours;
the next period is still estimated at around -0.32%.
Open contract count edged up about 2% on the day,
while notional value remained around 20 million U.
I couldn't find any new official announcements today.
For now, assume this is a battle over positioning and funding rates.
$UNITREE #宇树 #Funding rate
Personal opinion only; this is not investment advice.
The $UNITREE contract was around 107.9,
down about 3.6% on the day.
High: 113.3; low: 107.1.
Trading volume was about 47.4 million U.
Binance has no spot market for it;
this is a pre-market tokenized contract for a Unitree Robotics robot.
The account was about 68% short, and large traders were at a similar level.
In the noon period, shorts paid about 0.36% every 4 hours;
the next period is still estimated at around -0.32%.
Open contract count edged up about 2% on the day,
while notional value remained around 20 million U.
I couldn't find any new official announcements today.
For now, assume this is a battle over positioning and funding rates.
$UNITREE #宇树 #Funding rate
Personal opinion only; this is not investment advice.