$FLNC Tonight, as soon as US stocks open, they gap down and drop 20%. On Binance, it was down first to 7.31, with -22.2% over 24 hours.
My first reaction isn’t to buy the dip—it’s to check the funding rate: +0.0711%, every 8 hours, annualized at 78%. With it down like this, longs are still paying at this price to hold their positions—this doesn’t mean it’s cheap; it means nobody’s admitting defeat.
The fundamentals look just as bad: FY2026 revenue guidance was cut from 3.0B to 2.4B, EBITDA widened from -10M to -200M, and Barclays slashed the target price to 10.
My line is drawn at today’s low of 6.82—if that breaks, I’m looking at $6. If it can’t get back above 9, I don’t believe there’s a bottom.
Annualized 78%—still holding? Is this faith, or just getting trapped out?
#市场快讯 #实时数据 #Funds flow
My first reaction isn’t to buy the dip—it’s to check the funding rate: +0.0711%, every 8 hours, annualized at 78%. With it down like this, longs are still paying at this price to hold their positions—this doesn’t mean it’s cheap; it means nobody’s admitting defeat.
The fundamentals look just as bad: FY2026 revenue guidance was cut from 3.0B to 2.4B, EBITDA widened from -10M to -200M, and Barclays slashed the target price to 10.
My line is drawn at today’s low of 6.82—if that breaks, I’m looking at $6. If it can’t get back above 9, I don’t believe there’s a bottom.
Annualized 78%—still holding? Is this faith, or just getting trapped out?
#市场快讯 #实时数据 #Funds flow