#BEAMXUSDT is on the top of the gainers list, but I’ll still remain on the sidelines and won’t chase a sudden pump. What’s more worth watching is that the pullback after the earlier sharp rally has been continuing for multiple complete hours, and trading volume has been cooling off along the way. $BEAMX ’s current 24-hour gain is still high, but that doesn’t mean the momentum surge has restarted.
As of 10 Oct 5 at 01:05:55 (Beijing time), both Binance USDⓈ-M initial full scan and the rescan before publication show BEAMXUSDT ranked #1 by 24-hour gain. The pre-publication rescan is +26.408%, with the current price at 0.002671 and quoted成交 amount of about $162.1 million. Compared with the single-coin reading from last night at 18:07 (+35.940%, 0.002886, about $70.38 million), the current gain is down by about 9.5 percentage points, the price has fallen by about 7.4%, while the rolling成交 amount is about 2.3 times that time. Rolling windows at different times can’t be treated as newly added trades after the post; together, they suggest this upswing came with heavy turnover, and the price has already left last night’s high.
The price path is clearer: from 17:00–18:00 it closed at 0.002916, then the closes of the next eight complete hours generally moved downward. The latest 00:00–01:00 close is 0.002624. The quoted成交 amount dropped from the first candle at about $29.24 million to the last one at about $6.23 million—this indicates that participation in trading has also faded during this continuous pullback, but you can’t conclude that selling pressure has ended based on declining成交 alone. In the most recent complete 4 hours (20:00–24:00), the high was 0.002863, the low 0.002577, and the close 0.002627; compared with the earlier 16:00–20:00 high of 0.003043, the “peak-chasing” phase has clearly cooled off.
Open interest and price also don’t give a simple directional answer: the latest number of open positions is about 4.902 billion contracts, up roughly 3.9% from about 4.720 billion at 18:00 last night; however, in the past few hours it first fell and then rose slightly. OI statistics measure the number of open positions, not long/short direction, so you can’t directly say that new funds are flowing in or that shorts are covering. The settled funding rate is still +0.005% per 4 hours—relatively mild; this is not evidence of a squeeze.
At present, I can’t find any same-day new announcements on Beam’s official news page that would explain this price path, so I won’t attribute the price rise to an old report or ecosystem news. Next, we’ll see whether a full-hour close can reclaim around 0.00275, and whether成交 expands at the same time; if it continues to lose 0.002577, the pullback structure will extend. The #1 spot only determines that it should be prioritized for analysis—it doesn’t indicate the future direction. The above description is based on Binance derivatives market data and does not constitute trading advice.
As of 10 Oct 5 at 01:05:55 (Beijing time), both Binance USDⓈ-M initial full scan and the rescan before publication show BEAMXUSDT ranked #1 by 24-hour gain. The pre-publication rescan is +26.408%, with the current price at 0.002671 and quoted成交 amount of about $162.1 million. Compared with the single-coin reading from last night at 18:07 (+35.940%, 0.002886, about $70.38 million), the current gain is down by about 9.5 percentage points, the price has fallen by about 7.4%, while the rolling成交 amount is about 2.3 times that time. Rolling windows at different times can’t be treated as newly added trades after the post; together, they suggest this upswing came with heavy turnover, and the price has already left last night’s high.
The price path is clearer: from 17:00–18:00 it closed at 0.002916, then the closes of the next eight complete hours generally moved downward. The latest 00:00–01:00 close is 0.002624. The quoted成交 amount dropped from the first candle at about $29.24 million to the last one at about $6.23 million—this indicates that participation in trading has also faded during this continuous pullback, but you can’t conclude that selling pressure has ended based on declining成交 alone. In the most recent complete 4 hours (20:00–24:00), the high was 0.002863, the low 0.002577, and the close 0.002627; compared with the earlier 16:00–20:00 high of 0.003043, the “peak-chasing” phase has clearly cooled off.
Open interest and price also don’t give a simple directional answer: the latest number of open positions is about 4.902 billion contracts, up roughly 3.9% from about 4.720 billion at 18:00 last night; however, in the past few hours it first fell and then rose slightly. OI statistics measure the number of open positions, not long/short direction, so you can’t directly say that new funds are flowing in or that shorts are covering. The settled funding rate is still +0.005% per 4 hours—relatively mild; this is not evidence of a squeeze.
At present, I can’t find any same-day new announcements on Beam’s official news page that would explain this price path, so I won’t attribute the price rise to an old report or ecosystem news. Next, we’ll see whether a full-hour close can reclaim around 0.00275, and whether成交 expands at the same time; if it continues to lose 0.002577, the pullback structure will extend. The #1 spot only determines that it should be prioritized for analysis—it doesn’t indicate the future direction. The above description is based on Binance derivatives market data and does not constitute trading advice.
