Fell 42%, yet longs and shorts are almost tied—this is the signal worth watching most
Today,
$TUT dropped from the high of 0.0828 all the way to 0.0426, and the decline within the day has more than halved.
Under a drop of this magnitude, shorts would normally have already dominated everything.
But now longs are at 50.43%, shorts at 49.57%, with a difference of less than 1 percentage point.
In other words: after such a brutal fall, half the people are still going long—no one has admitted defeat.
The funding rate is only 0.00005, virtually zero—indicating that the futures contract market isn’t making any directional bets.
Everyone is waiting, everyone is watching; no one is willing to add aggressively on one side.
From the candlesticks, the overall trend has been weakening over the past 8 hours. With each candle, the trading volume keeps increasing.
The last two candles’ volumes reached 148 million and 142 million respectively, clearly showing that someone is repeatedly probing around the bottom area.
The current situation is: price is being pressured downward, but market sentiment isn’t skewing one-sided.
This disagreement itself is a signal—when the market ultimately chooses a direction, the move could be substantial.
Key levels: around 0.0426 is today’s lowest support, and 0.0460 is short-term resistance.
The tug-of-war between the two will tell us who has control next.
$TUT #多空平衡 #42% plunge
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