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$BMT bets when the certainty is high.
0xRays
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Binance has launched perpetual contracts for $MUBARAK and $BMT. In the short term, this is bearish for both tokens, but it's actually been clearly communicated that both tokens will soon be listed on Binance's spot market.
The Binance listing team naturally knows that launching contracts is bearish, while launching on the spot market is bullish, but they still proceeded with this, mainly for the following purposes:
1. To wash out traders who made significant early profits, avoiding a K-line trend similar to that of $TST. After the spot listing, on-chain traders may aggressively sell, impacting secondary traders. The peak is followed by a sharp decline.
2. Several secondary exchanges have already listed the spot market. $MUBARAK is currently in high demand with large trading volume. The main goal of exchanges is still to earn trading fees from users, but since the spot cannot be listed, only contracts are available.
Conclusion: For both tokens, it happens to be a good opportunity to buy at a low price, waiting for the "flowers to bloom."
The Binance listing team naturally knows that launching contracts is bearish, while launching on the spot market is bullish, but they still proceeded with this, mainly for the following purposes:
1. To wash out traders who made significant early profits, avoiding a K-line trend similar to that of $TST. After the spot listing, on-chain traders may aggressively sell, impacting secondary traders. The peak is followed by a sharp decline.
2. Several secondary exchanges have already listed the spot market. $MUBARAK is currently in high demand with large trading volume. The main goal of exchanges is still to earn trading fees from users, but since the spot cannot be listed, only contracts are available.
Conclusion: For both tokens, it happens to be a good opportunity to buy at a low price, waiting for the "flowers to bloom."
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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