$RKLB 24h fell 3.189%, price 63.45, funding rate 0.00044334 is still positive. In the downtrend, longs keep paying shorts, indicating longs haven’t dispersed; this leg of selling looks more like a long squeeze, and panic selling hasn’t fully flushed out yet. The old dog is still bearish—doesn’t rush to go long. The counterargument is also strong: a positive funding rate might just be normal demand for stock contracts, and one factor alone may not indicate crowding. In terms of action: if price can’t reclaim 63.45, I won’t go long. If funding turns negative, shorts should close first—don’t chase shorts.

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