TUT is now near 0.09. I’m not taking this spot.
In the last wave, it ran from 0.02 all the way to a historical high at 0.337. In just 7 days it multiplied several times—then, after tagging the top, it immediately flipped. The futures price dropped 55% in a single day. Spot is also down more than 30% over 24 hours. Right now, the price is still below the 15-minute double moving averages, with the four-hour and daily trends all pointing downward.
What stands out most is positioning. Futures open interest was cut in half in one day. Money flowed into a classic “bull market surrender zone”—this isn’t longs trimming for a pullback; it’s leverage making a concentrated exit. On the order book, aggressive sell orders are nearly twice the size of buy orders. On the spot side, the big 15-minute orders are still net outflows, and the support below is only so-so.
There is actually some capital trying to catch it in the short term, but the price doesn’t rise—it keeps falling. This kind of “money comes in but can’t lift it” tape is more like being picked up while being dispatched. Add the fact that sentiment in the square is basically being controlled and the voices of fake pumps dominate, and even the KOL messaging has turned bearish. The market doesn’t doubt that it already rose—it doubts it can rise again.
Plainly put, this is the deflationary action after a blow-off rally—it hasn’t fully dumped yet. Chasing longs here isn’t cost-effective. Wait until leverage is liquidated and the downtrend stabilizes, then reassess. It’s much more comfortable than catching a falling knife halfway up a mountain.
#tut $TUT
In the last wave, it ran from 0.02 all the way to a historical high at 0.337. In just 7 days it multiplied several times—then, after tagging the top, it immediately flipped. The futures price dropped 55% in a single day. Spot is also down more than 30% over 24 hours. Right now, the price is still below the 15-minute double moving averages, with the four-hour and daily trends all pointing downward.
What stands out most is positioning. Futures open interest was cut in half in one day. Money flowed into a classic “bull market surrender zone”—this isn’t longs trimming for a pullback; it’s leverage making a concentrated exit. On the order book, aggressive sell orders are nearly twice the size of buy orders. On the spot side, the big 15-minute orders are still net outflows, and the support below is only so-so.
There is actually some capital trying to catch it in the short term, but the price doesn’t rise—it keeps falling. This kind of “money comes in but can’t lift it” tape is more like being picked up while being dispatched. Add the fact that sentiment in the square is basically being controlled and the voices of fake pumps dominate, and even the KOL messaging has turned bearish. The market doesn’t doubt that it already rose—it doubts it can rise again.
Plainly put, this is the deflationary action after a blow-off rally—it hasn’t fully dumped yet. Chasing longs here isn’t cost-effective. Wait until leverage is liquidated and the downtrend stabilizes, then reassess. It’s much more comfortable than catching a falling knife halfway up a mountain.
#tut $TUT