$BMT squeeze continues, target $0.0295, below $0.0242 I'm wrong.
Funding prints -0.670% per 4h while price is up 11.9% today. Shorts are paying to hold a losing position into a rising tape, and open interest grew 22.1% in 24h. Account long/short ratio is 0.81, so the crowd sits short into this bid. I don't know what triggered the volume spike, and I don't need to.
Below $0.0242 the squeeze thesis dies. Which comes first, $0.0295 or $0.0242?
Funding prints -0.670% per 4h while price is up 11.9% today. Shorts are paying to hold a losing position into a rising tape, and open interest grew 22.1% in 24h. Account long/short ratio is 0.81, so the crowd sits short into this bid. I don't know what triggered the volume spike, and I don't need to.
Below $0.0242 the squeeze thesis dies. Which comes first, $0.0295 or $0.0242?
