Unitree's UNITREE token experienced a sharp drop followed by a V-shaped reversal, with prices rebounding 15% and triggering short liquidations.

BlockBeats news, November 2 - According to TradingBeats monitoring, the UNITREE contract experienced a rapid V-shaped reversal today. At 9 AM this morning, the price plummeted from $95.762 to $85, a drop of approximately 11.24%; it then continued to rebound, recovering this round of losses after 11 AM, reaching a high of $97.747, up about 15% from the low. As of press time, the mark price is approximately $97.18.

During the price rebound, the funding rate quickly turned negative. The UNITREE hourly funding rate was still +0.000625% at the 10:00 settlement, turned to −0.07247% at 11:00, and further dropped to −0.16303% at 12:00.

During the rebound, a newly opened short position address starting with 0x1770 was liquidated, with 1,751.8 UNITREE forcibly closed at an execution price of approximately $91.47, amounting to about $160,200, with a loss of approximately $7,838.51. The account subsequently continued trading and has switched to holding a small UNITREE long position.

During the same period, UNITREE's 24-hour trading volume was approximately $25.59 million, and the notional value of open interest was approximately $29.27 million.