$BMT is up 16% today — and shorts are still paying longs to stay in.
Bubblemaps' token climbed from a $0.02243 low to $0.0273 and now trades near $0.0268, the top gainer on Binance among coins with $5M+ volume.
What makes this move interesting:
- Hourly volume jumped from ~$40K–90K yesterday to ~$1.9M at the peak hour today.
- The perp funding rate sits around -0.73% per 4 hours. Shorts pay longs.
- Open interest is ~226M BMT, roughly $5.9M.
Deeply negative funding during a rally usually means traders keep fading the pump. If price holds, those shorts get squeezed. If it fades, they get paid twice.
Two dates matter next:
- Nov 16: the response deadline in rival Trap Map's pre-suit notice over the disputed Proxima contract, which Bubblemaps calls a forgery.
- Nov 18: ~19.5M BMT scheduled to unlock for investors and the team.
My view: this is a positioning trade, not a news trade. $0.0273 is the level to reclaim; losing $0.025 likely means the squeeze is done.
Are you fading this pump or riding the squeeze?
#BinanceSquare #BMT #Bubblemaps #ShortSqueeze #Altcoins
Not financial advice.
Bubblemaps' token climbed from a $0.02243 low to $0.0273 and now trades near $0.0268, the top gainer on Binance among coins with $5M+ volume.
What makes this move interesting:
- Hourly volume jumped from ~$40K–90K yesterday to ~$1.9M at the peak hour today.
- The perp funding rate sits around -0.73% per 4 hours. Shorts pay longs.
- Open interest is ~226M BMT, roughly $5.9M.
Deeply negative funding during a rally usually means traders keep fading the pump. If price holds, those shorts get squeezed. If it fades, they get paid twice.
Two dates matter next:
- Nov 16: the response deadline in rival Trap Map's pre-suit notice over the disputed Proxima contract, which Bubblemaps calls a forgery.
- Nov 18: ~19.5M BMT scheduled to unlock for investors and the team.
My view: this is a positioning trade, not a news trade. $0.0273 is the level to reclaim; losing $0.025 likely means the squeeze is done.
Are you fading this pump or riding the squeeze?
#BinanceSquare #BMT #Bubblemaps #ShortSqueeze #Altcoins
Not financial advice.