$TUT
The TUT/USDT (Perpetual) pair is in a crucial compression phase following its pullback from the October highs (~0.0229 USDT). We analyze the current state of derivatives and the technical conditions needed to see a long-term structural bullish reversal.
🔍 1. Current State and Derivatives Data
* Current Price: ~0.0169 USDT, consolidating within a local support range.
* Open Interest (OI): A gradual contraction in the Open Interest to Market Cap Ratio is being recorded (currently around 23.52%), reflecting a temporary cleanup of previous speculative leverage.