$FIL open interest is 51.88M FIL and last funding is only 0.003%. That is a flat book under a failed $1.0915 spike, not a squeeze.

Price is $1.0504, down 1.14% from a $1.0625 open. Yesterday's range ran $1.0234 to $1.0915, and the Asia open is still pinned under $1.0506. A crowded long would be paying up. This one is not.

Rule: $FIL is my focus only if a 4h close holds above $1.0506; invalidation is a loss of $1.0234, and the next level is $1.0915 before the 08:00 UTC funding print.

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