$BMT This funding rate is -0.3281%—shorts are nearly getting squeezed out. The price is also up 10%. Looks like a short squeeze could be brewing.
Honestly, I’ve seen rates like this plenty of times. Either the shorts get blown out in one big move, or the market grinds sideways and wears everyone down. As retail traders, let’s not guess the direction—check the structure first.
What do you think? Chase it or wait for a pullback? $BMT
Honestly, I’ve seen rates like this plenty of times. Either the shorts get blown out in one big move, or the market grinds sideways and wears everyone down. As retail traders, let’s not guess the direction—check the structure first.
What do you think? Chase it or wait for a pullback? $BMT