UNITREE Up approximately over days 30%, with negative funding rates deepening

AT A GLANCE

The report states that UNITREE prices rebounded and funding rates remained negative, with the ecosystem conference and third-quarter report becoming subsequent focal points.

Article

Unitree rises for consecutive days 30%, with negative funding rates deepening again

BlockBeats reports,October 20, on Hyperliquid UNITREE is currently quoted at 80.285 USD，24 hours, up approximately 13.82%, up 11.17%from midnight today, with an intraday high of 81.745 USD. Over the same period, Unitree Technology A-shares were quoted at 550.04 yuan, up approximately 10.91%; they had already closed up 16.15%。

Prices continue to rebound, increasing funding-rate pressure on short sellers again. On Hyperliquid,UNITREE the current indicative hourly funding rate is −0.11909%；Binance On UNITREE contracts, the indicative funding rate is − per 4 hours 0.49352%。

Of the most recent 24 settlement rounds on Hyperliquid, 17 were negative, with a cumulative rate of approximately −0.66825%; today, 08: 00、09: 00 and 10: 00 settlement rates were −0.00899%、−0.03241%and −0.03902%, respectively, with negative rates widening round by round in early trading.

In addition,UNITREE currently has 24-hour trading volume of approximately 42860000 USD, with open-interest notional value of approximately 20990000 USD, representing approximately 261400 contracts. The day-over-day increase was 3.4 times,OI notional value increased by approximately 14.14%due to the price rise, while the number of contracts held instead decreased by approximately 0.48%。

As of publication, prices continued to rebound, but million-USD level longs had yet to return to profitability overall. The combined position of longs holding no less than 1000000 USD was approximately 8310000 USD, with a weighted average entry price of 90.41 USD, and they remain underwater, with combined unrealized losses of approximately 1047600 USD。

On the news front: recent catalysts have centered on policy support and expectations for an ecosystem conference. The Ministry of Commerce and other 9 departments, on October 19, released the Opinions on Accelerating the Advancement of Technology-Enabled Commerce, proposing to expand the supply of intelligent products such as robots and enhance the application of technologies such as embodied intelligence. Unitree previously announced that it will hold the World Physical October 22 Conference and Partner Ecosystem Conference on AI.

Latest rating:October 5 Public reports indicate that JPMorgan previously initiated coverage with an "Underweight" rating and a target price of 300 yuan CNY, equivalent to approximately 44.92 USD。

at the current reference exchange rate. Upcoming items include the October 22 ecosystem conference and the third-quarter report expected to be released October 29. Unitree's previously disclosed first-half data showed that revenue increased year over year by 48.54%, while net profit excluding non-recurring items declined year over year by 19.34%。

Key points

October 20, on Hyperliquid UNITREE is currently quoted at 80.285 USD，24 hours, up approximately 13.82%, with an intraday high of 81.745 USD。
Over the same period, Unitree Technology A-shares were quoted at 550.04 yuan, up approximately 10.91%; they had closed up 16.15%。
On Hyperliquid,UNITREE the current indicative hourly funding rate is −0.11909%; on Binance, the indicative funding rate is − per 4 hours 0.49352%。
Of the most recent 24 settlement rounds on Hyperliquid, 17 were negative, with a cumulative rate of approximately −0.66825%。
UNITREE Currently, 24-hour trading volume is approximately 42860000 USD, with open-interest notional value of approximately 20990000 USD, representing approximately 261400 contracts.
The combined position of longs holding no less than 1000000 USD is approximately 8310000 USD, with a weighted average entry price of 90.41 USD, and combined unrealized losses of approximately 1047600 USD。
The Ministry of Commerce and other 9 departments, on October 19, released the Opinions on Accelerating the Advancement of Technology-Enabled Commerce, proposing to expand the supply of intelligent products such as robots and enhance the application of technologies such as embodied intelligence.
Unitree previously announced that it will hold the World Physical October 22 Conference and Partner Ecosystem Conference on AI.
October 5 Public reports indicate that JPMorgan previously initiated coverage with an "Underweight" rating and a target price of 300 yuan CNY。
Unitree's previously disclosed first-half data showed that revenue increased year over year by 48.54%, while net profit excluding non-recurring items declined year over year by 19.34%。

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

A negative funding rate generally means that traders holding short positions pay fees to those holding long positions. The report shows that the negative rate deepened as the price rose, indicating that long and short pressure in the derivatives market remained pronounced. The notional value of open interest increased while the number of contracts declined slightly; the report links part of this change to the price increase.

Why it matters to readers

The simultaneous occurrence of a rapid price rebound and persistently negative funding rates may cause short sellers to incur higher costs and increase short-term volatility.October 22 The ecosystem conference and the third-quarter report expected October 29 to be released are subsequent observation points listed in the report, but do not mean that prices will necessarily continue to rise.

Beginners should distinguish between spot or stock prices, derivatives funding rates, and open-interest data. A negative funding rate does not guarantee a price increase; rapid volatility and leveraged derivatives can both result in substantial losses.

Risks and unknowns

Real-time price, funding rate, trading volume, and open interest data are all sourced from the report. The original text does not include data pages from trading platforms, so they cannot be independently verified.
“Two consecutive days of gains 30%” appears in the headline, but the body does not provide a two-day cumulative gain calculation using a consistent methodology.

UNITREE Up approximately over days 30%, with negative funding rates deepening

Article

AI-assisted interpretation

Why it matters to readers

Risks and unknowns

Related Developments

Related concepts

Keep following

Security Center