$ARC Funds fee rate 13.6% annualized—longs would rather pay this price than not run. The long-to-short ratio is 1:1; no side is crowded. Then the question is: this isn’t a short squeeze and it isn’t retail FOMO—who is pushing it up with real money? In just 1 hour, 5 consecutive green candles saw volume rise from 170k to 690k, increasing 4x step by step. The MA indicators are all aligned in a bullish arrangement, and the Bollinger Bands just burst open. Take a look—what level of capital is willing to hold long positions with a 13% funding rate and still isn’t in a hurry to unload?