Today we focus on the abnormal indicator $GMT

On a technical level, the bottom range has broken through, with a huge volume at the breakout, and subsequent fluctuations have maintained a massive trading volume, which is in stark contrast to before. The spot price has spiked significantly compared to the contract, with Binance reaching a high of 0.1887, while CB and OK are basically around 0.174-0.175.

The highest contract price is only around 0.164.

This indicates that the current momentum mainly comes from spot buying.

On a data level, after a short-term surge, the 24H trading volume has reached 1 billion USD, far exceeding the market value of 400 million USD, with a funding rate of -0.72%, an exceptionally abnormal value. The 24H trading volume has increased 15 times, and the 24H positions have grown by more than 1 time, indicating active capital.

I don't know why there was suddenly a huge surge in volume today, but this is all a result of capital pushing. With capital support, it is easier to achieve a good trend, so it is listed as a special focus variety today.

As for the price, we will temporarily focus on the high point closing position around 0.162.