$BMT is up 55.64% over the past 24 hours, a striking move. Narrowing the view to the most recent complete hour, spot BMTUSDC rose from 0.04053 USDC to 0.04391 USDC, up 8.34%, while trading volume fell from about 131,900 USDC in the previous hour to about 106,300 USDC, a 19.4% decrease.
What I’m wondering is: the price rose at a brisk pace over this hour, but trading cooled somewhat compared with the previous hour. So during which earlier period did a surge in volume drive that big rally? It’s also up 0.94% over the past 15 minutes, but down 1.90% over the past 5 minutes, so the short-term direction is mixed. Trading volume alone indicates how active the market is; it doesn’t show whether buyers or sellers are in control.
What I’m wondering is: the price rose at a brisk pace over this hour, but trading cooled somewhat compared with the previous hour. So during which earlier period did a surge in volume drive that big rally? It’s also up 0.94% over the past 15 minutes, but down 1.90% over the past 5 minutes, so the short-term direction is mixed. Trading volume alone indicates how active the market is; it doesn’t show whether buyers or sellers are in control.
