TPC estimates 2026 fiscal-year tariff revenue at $177 billion, putting pressure on energy storage import costs. FLNC reiterates its 2026 fiscal-year guidance, has signed an ultra-large data center agreement, quarterly revenue rises 7.7%, the price climbs 1.37% over 24 hours, funding rates go to zero—no one wants to pay for direction. My take: the political variable of tariffs has not yet been priced by FLNC. Bulls are eating order visibility; bears are waiting while cost erosion hits the earnings report—both sides are not crowded. If the price breaks below 11.10 and the open interest drops, I’ll exit longs, step aside, and not enter; if it holds above 11.10, I’ll try a small long position.

Trading tag: #TradFi #链上美股 #FLNC

Where do you think this thesis is most likely to be wrong?