Increased by 78%, but most people are shorting—this is the situation BMT is in right now.
The price surged from 0.015 to 0.027, with a near doubling in the 24-hour increase and trading volume exploding to over $300 million. In theory, retail traders should be going all-in on longs in such a market—yet something strange happened: shorts make up 56%, while longs are only 43%.
Even more unusual is the funding rate—it’s currently negative (-0.0034%).
A negative funding rate means that the short sellers have to continuously pay the long traders. In other words, even though the price is rising, the shorts are still bearing the costs and refusing to close positions; they’re betting that this move is a false breakout and that it will snap back at any moment.
With three consecutive hourly bullish candles, the price has just climbed above the 0.026 area, briefly topping out at a little above 0.027 before starting to consolidate.
Two forces are fighting: the price is going up, but the shorts are using real money to bet on a pullback. If the price continues to hold, the shorts will eventually be unable to keep paying and will have to close out at a loss—that would create a “short squeeze,” pushing the price up further as the shorts are forced to unwind. But if the rally stalls, the longs who chased earlier will likely run too.
The classic dilemma with high-volatility assets: the direction is unclear, but the volatility itself is an opportunity. Watch whether 0.028 can break through effectively, and when the funding rate turns positive.
$BMT #资金费率异常 #Shorts account for 56%
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The price surged from 0.015 to 0.027, with a near doubling in the 24-hour increase and trading volume exploding to over $300 million. In theory, retail traders should be going all-in on longs in such a market—yet something strange happened: shorts make up 56%, while longs are only 43%.
Even more unusual is the funding rate—it’s currently negative (-0.0034%).
A negative funding rate means that the short sellers have to continuously pay the long traders. In other words, even though the price is rising, the shorts are still bearing the costs and refusing to close positions; they’re betting that this move is a false breakout and that it will snap back at any moment.
With three consecutive hourly bullish candles, the price has just climbed above the 0.026 area, briefly topping out at a little above 0.027 before starting to consolidate.
Two forces are fighting: the price is going up, but the shorts are using real money to bet on a pullback. If the price continues to hold, the shorts will eventually be unable to keep paying and will have to close out at a loss—that would create a “short squeeze,” pushing the price up further as the shorts are forced to unwind. But if the rally stalls, the longs who chased earlier will likely run too.
The classic dilemma with high-volatility assets: the direction is unclear, but the volatility itself is an opportunity. Watch whether 0.028 can break through effectively, and when the funding rate turns positive.
$BMT #资金费率异常 #Shorts account for 56%
Click the small card below to quickly view the行情👇
