$BMT saw $261 million change hands in a day, while market cap grew by only $9 million. The listing didn’t bring in new buyers—it gave people a way out.
Price now: 0.0332.
Down 35% from 0.0514 in two days.
The key isn’t how far it’s fallen, but whether 0.0288 holds.
I’m watching that level.
On the day direct KRW trading went live, market cap rose from $17.7 million to $27.2 million. The increase was less than 4% of trading volume; the rest was the same group of people passing tokens back and forth. Not a cent of new money came in.
It’s a small market. Pumping it 70% doesn’t take much money, and it can dump just as fast.
Trading volume fell to $18 million.
And then people left.
You call that fresh money coming in?
$BTC and $ETH barely moved at the time.
Hold above 0.035, and 0.0393 is in view.
A break below 0.0288 wipes out the whole move.
There’s no telling whether this was a one-off.
Watch the candle close. Don’t force a trade.
A channel can let people in or let them out. It doesn’t change the number of people.
Price now: 0.0332.
Down 35% from 0.0514 in two days.
The key isn’t how far it’s fallen, but whether 0.0288 holds.
I’m watching that level.
On the day direct KRW trading went live, market cap rose from $17.7 million to $27.2 million. The increase was less than 4% of trading volume; the rest was the same group of people passing tokens back and forth. Not a cent of new money came in.
It’s a small market. Pumping it 70% doesn’t take much money, and it can dump just as fast.
Trading volume fell to $18 million.
And then people left.
You call that fresh money coming in?
$BTC and $ETH barely moved at the time.
Hold above 0.035, and 0.0393 is in view.
A break below 0.0288 wipes out the whole move.
There’s no telling whether this was a one-off.
Watch the candle close. Don’t force a trade.
A channel can let people in or let them out. It doesn’t change the number of people.
