WLD: Don’t be fooled by this fake bounce to 0.50—the funding rate has given the bulls away. Funding is scraping the floor at 0.00232%; 5 of 8 readings were positive, yet the average was negative. Longs aren’t paying funding and are still holding on—not because they’re reluctant to sell, but because there’s no strength left to push the price up. The futures market is more honest: open interest shrank 16.78% in a day, with big players lining up to exit while retail traders are still sitting tight. Short at the current price of 0.4956; first target: 0.4587. If it breaks down, watch 0.4450. Stop out at 0.5339 if the price reclaims the structure.