BMT is dropping pretty hard right now—over the past 24 hours it’s down -12.37% straight away. Price is basically grinding right along the lower Bollinger Band, with %B just 0.16, not far from the floor. The three Bollinger lines are all being pressed downward at the same time; the band width is still widening. The overall pattern is clearly weak, with a bearish downward trajectory.
Another 15-minute selloff printed a -1.69% bearish candle. Volume did surge suddenly, expanding to 2.6 times the recent average volume, and the sell pressure shown in the order book looks quite substantial.
The funding rate is negative at -0.0478%, which suggests the short side has a relatively higher cost of holding positions—shorts are paying longs. On open interest, OI over 24 hours has shrunk by 14.6%, and contract capital is being withdrawn; the number of warehouse receipts also fell noticeably. Market sentiment is rather cautious.
The long/short ratio is 0.87, with more accounts on the short side. Overall, the vibe is shorts pressing down on longs.
For reference only and does not constitute investment advice. #BMT #點金Midas
Another 15-minute selloff printed a -1.69% bearish candle. Volume did surge suddenly, expanding to 2.6 times the recent average volume, and the sell pressure shown in the order book looks quite substantial.
The funding rate is negative at -0.0478%, which suggests the short side has a relatively higher cost of holding positions—shorts are paying longs. On open interest, OI over 24 hours has shrunk by 14.6%, and contract capital is being withdrawn; the number of warehouse receipts also fell noticeably. Market sentiment is rather cautious.
The long/short ratio is 0.87, with more accounts on the short side. Overall, the vibe is shorts pressing down on longs.
For reference only and does not constitute investment advice. #BMT #點金Midas
