🚨 $BMT Spot is up 35% — yet Futures are trading at a steep discount

Binance data shows a striking imbalance
📈 Spot price: +35.3% in 24 hours
📊 Futures Open Interest: +93.4% in BMT terms
🔴 Mark Price: 2.5% below Index
💸 Last settled funding: −0.7645%

$BMT

Futures trading volume has reached $127M, nearly 7 times Binance Spot volume

That's not a normal-looking move across both markets
BMT withdrawals on Solana have also resumed following Binance's security-related suspension, but there's no proof that reopening caused the rally


The risk is in the gap between markets
Shorts are paying heavily to maintain exposure, while rising Open Interest shows positioning is expanding
Neither guarantees a short squeeze
For traders, the key signals are funding after settlement, basis convergence and whether Spot liquidity can absorb the volatility
A rising token doesn't mean every part of its market is bullish

$BMT #BİNANCEFUTURES