$RLC doubled on #Binance , but the interesting signal is under the surface: traders are still paying to stay short.
Spot is around $0.72 after a 26x volume anomaly appeared on Oct 5. Binance perpetual funding remains negative at roughly -0.028% per eight hours even after the move.
That mix says the rally is being fought, not fully believed. It can keep feeding a squeeze while shorts stay crowded, but it also makes the move fragile once funding normalizes.
There is no matching fresh catalyst on iExec’s official blog, so this looks more like a positioning event than confirmed fundamental repricing.
The next test is simple: can spot hold the breakout after funding moves back toward neutral? If not, late longs become the easier liquidity.
Spot is around $0.72 after a 26x volume anomaly appeared on Oct 5. Binance perpetual funding remains negative at roughly -0.028% per eight hours even after the move.
That mix says the rally is being fought, not fully believed. It can keep feeding a squeeze while shorts stay crowded, but it also makes the move fragile once funding normalizes.
There is no matching fresh catalyst on iExec’s official blog, so this looks more like a positioning event than confirmed fundamental repricing.
The next test is simple: can spot hold the breakout after funding moves back toward neutral? If not, late longs become the easier liquidity.
