$BMT funding rate hit -0.818%/4h, or -1792% annualized. Shorts are paying longs a hefty tax every four hours
· Open interest up 28.0% in 24h, reaching $4.91 million
· Open interest/market cap: 27.0%; futures volume is 4x spot volume
· Long/short account ratio: 0.90, up 12.6% in 24h
Bubblemaps visualizes on-chain token holdings, mapping connections between addresses into bubble charts so you can spot at a glance which coins are being bundled and controlled by market makers. It was included in Binance HODLer Airdrops last March
The price is rising, shorts are still adding positions, and the ratio is below 1. That suggests there are fewer shorts, but their positions are larger: big players are stubbornly holding on, while retail traders are going long. Funding rates have grown more extreme over the past few periods, pushing short costs higher and higher. Either a short squeeze will wipe them out, or a pullback—on top of the funding costs—will wear down longs first. Either side could be the first to blow up
Futures volume is several times larger than spot, while open interest is only $4.91 million. A single large order could move the price, so price action in a pool like this looks more like leveraged traders liquidating one another. I haven't found any new catalysts in recent days; the rise looks more like momentum building from the flow of funds itself. Circulating supply is already 76.7% of the total, and FDV is only about 30% higher than market cap, so unlock pressure isn't too significant. The real risk is that the futures market itself is too thin. Anyone looking to participate should keep their position small
#BMT #资金费率 #Wild Coin
· Open interest up 28.0% in 24h, reaching $4.91 million
· Open interest/market cap: 27.0%; futures volume is 4x spot volume
· Long/short account ratio: 0.90, up 12.6% in 24h
Bubblemaps visualizes on-chain token holdings, mapping connections between addresses into bubble charts so you can spot at a glance which coins are being bundled and controlled by market makers. It was included in Binance HODLer Airdrops last March
The price is rising, shorts are still adding positions, and the ratio is below 1. That suggests there are fewer shorts, but their positions are larger: big players are stubbornly holding on, while retail traders are going long. Funding rates have grown more extreme over the past few periods, pushing short costs higher and higher. Either a short squeeze will wipe them out, or a pullback—on top of the funding costs—will wear down longs first. Either side could be the first to blow up
Futures volume is several times larger than spot, while open interest is only $4.91 million. A single large order could move the price, so price action in a pool like this looks more like leveraged traders liquidating one another. I haven't found any new catalysts in recent days; the rise looks more like momentum building from the flow of funds itself. Circulating supply is already 76.7% of the total, and FDV is only about 30% higher than market cap, so unlock pressure isn't too significant. The real risk is that the futures market itself is too thin. Anyone looking to participate should keep their position small
#BMT #资金费率 #Wild Coin
