SPCX's rebound is as flimsy as a paper wall. It pushed up to 167.2 and got knocked right back down. Now it can't even hold above the 20-day moving average—what do the bulls have to brag about? The perpetual funding rate is positive, but takers account for 75% of aggressive selling. The big players have been using those high funding rates to unload for a while now. Don't expect a breakout here: this rebound is just feeding the shorts. Support is at 161; if that breaks, there's no floor. Don't be one of those latecomers left holding the bag.