Nov. 14 at 5:24 PM
$FFAI
$FFAI drifting **
$1.03–1.05** (still inside the containment band). Borrow pool cycling **150k → 30k → ~10k** with fees pinned **11.8–12%**, confirming **rotation**, not covering — same synthetic pattern as the recent FTD windows.
Premarket was the signal: **1.0M shares (3.4× avg)**, ~**70% dark pool**, while regular-hours liquidity collapsed to **0.4× avg**. VWAP progression **1.01 → 1.04 → 1.03** fits the usual **
$1.00–
$1.25 containment channel** — muted, manufactured, not fundamentally driven.
Institutional long base unchanged; shorts still heavy at **~33.5M (~36% float)**. No stress trigger yet (**CTB >12% + borrow <1k**), but the shrinking pool shows pressure building.
Net: strong results + high off-exchange flow + rigid borrow fees + suppressed lit volume = **ongoing containment**, not price discovery. Structure still intact.
