54% of the shorts, yet it can’t stop a 36% surge—this is the reality of BMT tonight.
I checked the K-line chart. That last hourly candle’s trading volume basically exploded: $447 million worth of volume came crashing in, and it’s more than all the previous few candles combined. What does this kind of volume usually mean? Big money is building positions quickly, leaving retail traders no chance to enter slowly.
Even more interesting is that the funding rate is negative (-0.017%). A negative funding rate means: shorts have to pay longs, which indicates that short positions have accumulated a lot and that the market’s overall bearish expectations are effectively “subsidizing” the longs. But the price, oddly enough, is still going up—forcing shorts to close, which ends up becoming fuel for the rally.
From the low of 0.0196 to the high of 0.0303, it surged nearly 55% in a single day. Now it’s pulled back to 0.0293, but it’s still holding near the intraday high.
This isn’t telling you to chase. It’s that this structure is worth keeping an eye on: if volume can hold up and shorts continue to get squeezed out, this momentum might not be over in the short term. But if the volume shrinks rapidly, this kind of sharp pump can just as quickly reverse.
The key is whether it can hold above the 0.0250 area.
$BMT #空头被清洗 #36%涨幅
Click the small card below to quickly view the行情👇
I checked the K-line chart. That last hourly candle’s trading volume basically exploded: $447 million worth of volume came crashing in, and it’s more than all the previous few candles combined. What does this kind of volume usually mean? Big money is building positions quickly, leaving retail traders no chance to enter slowly.
Even more interesting is that the funding rate is negative (-0.017%). A negative funding rate means: shorts have to pay longs, which indicates that short positions have accumulated a lot and that the market’s overall bearish expectations are effectively “subsidizing” the longs. But the price, oddly enough, is still going up—forcing shorts to close, which ends up becoming fuel for the rally.
From the low of 0.0196 to the high of 0.0303, it surged nearly 55% in a single day. Now it’s pulled back to 0.0293, but it’s still holding near the intraday high.
This isn’t telling you to chase. It’s that this structure is worth keeping an eye on: if volume can hold up and shorts continue to get squeezed out, this momentum might not be over in the short term. But if the volume shrinks rapidly, this kind of sharp pump can just as quickly reverse.
The key is whether it can hold above the 0.0250 area.
$BMT #空头被清洗 #36%涨幅
Click the small card below to quickly view the行情👇
