The Firefly lunar lander proposal is leading in the bidding phase, and this news pushed $RKLB up 4 points, now hovering around 147. The volume just crossed 1 million, which isn't huge, but open interest is steady at 16561, with no signs of exit.
Funding rate is at 0.00003253, and the bulls are footing the bill; the market structure feels crowded. I've taken losses with this kind of setup before—when the price spikes and funding is positive, the latecomers accumulate costs, and once the news hype fades, it's easy to see a sell-off at the top. The hourly chart hasn't shown a big sell-off yet, but this level isn't my entry point.
Trading Tag: #BinanceFutures #TradFi #USDⓈM #RKLB #RKLBUSDT $RKLB
Funding rate is at 0.00003253, and the bulls are footing the bill; the market structure feels crowded. I've taken losses with this kind of setup before—when the price spikes and funding is positive, the latecomers accumulate costs, and once the news hype fades, it's easy to see a sell-off at the top. The hourly chart hasn't shown a big sell-off yet, but this level isn't my entry point.
Trading Tag: #BinanceFutures #TradFi #USDⓈM #RKLB #RKLBUSDT $RKLB