$SPCX Rallies to the top are just handing bears a knife—this wave is a top-distribution play!! First, let’s be clear about the spot order book: sell pressure overwhelms buy orders, and the price has bled all the way back from the 24-hour high. The buy orders stacked at the top are all fake, acting as dead weight—there’s no way they can absorb the supply. Then at the contract level, they add another blow: aggressive sell orders hammer the buys down, and the funding rate has been negative for eight straight times. Leveraged funds are fleeing in panic—don’t convince yourself that a pullback is just you building strength; distribution is underway. If you’re holding a short, don’t let go.