$BMT: up 65.4% in a week, but funding fell to −0.1119%
A 65.4% weekly gain alongside negative funding points to an imbalance in positioning, not confirmed demand. Over the past 24 hours, the price lost 6.98%, while 15-minute volume was 0.82 of normal: the sell-off is unaggressive, and the theory of overcrowded shorts remains unproven.
Levels to watch · 15m close
↑ A 15m close above 0.030890 opens the way toward 0.051440—the 7-day extreme. The setup weakens if the price closes below 0.029360. A return to the top of the range while funding remains negative would strengthen the case for forced short covering.
↓ A 15m close below 0.027830 opens the way toward 0.017110—the 7-day extreme. The setup weakens if the price closes above 0.029360. A break below the range floor with funding unchanged would mean the negative funding reflects real selling pressure, not a short squeeze.
↩️ Recap of the previous “Funding Radar” edition (26.10 00:37 UTC): BMT 0.031000 → 0.029060 USDT (−6.26% in 12 h), funding −0.020% → −0.034%.
If the weekly gain holds while funding keeps moving deeper into negative territory, who is paying to hold the positions?
Data from Binance, snapshot at 01:31 UTC. The author may receive rewards through Binance Square Write to Earn.
A 65.4% weekly gain alongside negative funding points to an imbalance in positioning, not confirmed demand. Over the past 24 hours, the price lost 6.98%, while 15-minute volume was 0.82 of normal: the sell-off is unaggressive, and the theory of overcrowded shorts remains unproven.
Levels to watch · 15m close
↑ A 15m close above 0.030890 opens the way toward 0.051440—the 7-day extreme. The setup weakens if the price closes below 0.029360. A return to the top of the range while funding remains negative would strengthen the case for forced short covering.
↓ A 15m close below 0.027830 opens the way toward 0.017110—the 7-day extreme. The setup weakens if the price closes above 0.029360. A break below the range floor with funding unchanged would mean the negative funding reflects real selling pressure, not a short squeeze.
↩️ Recap of the previous “Funding Radar” edition (26.10 00:37 UTC): BMT 0.031000 → 0.029060 USDT (−6.26% in 12 h), funding −0.020% → −0.034%.
If the weekly gain holds while funding keeps moving deeper into negative territory, who is paying to hold the positions?
Data from Binance, snapshot at 01:31 UTC. The author may receive rewards through Binance Square Write to Earn.
