BMT is currently not circulating much, around 60 million. For data visualization, through the project contract address retrieval, the key holding addresses of the project are undoubtedly revealed.
A few days ago, the spot price surged with an 11% increase, basically fully consumed, and now it is swinging around the 1H ema25, with the funding rate being normal.
To replicate the opening trend of layer ip kaito, market sentiment and funds need to be coordinated simultaneously.
The market's bearish sentiment is strong, with negative premiums, concentrated chips, and gradually increasing positions, which collectively create a short squeeze.
We will wait for a good opportunity to play with BMT again; it shouldn't be far off.
