$TUT Recent market action can be summed up in two words: roller coaster.
After market makers push up and then a concentrated sell-off hits, compounded by more than $44 million in leveraged positions getting liquidated, both longs and shorts get wiped out. The fast in-and-out nature of meme coin capital further amplifies the volatility. In this highly speculative environment, Tutorial is currently quoted at $0.03263, with a 24-hour trading volume of as much as $68.1 million and a market cap of around $27.16 million.
Such extreme short-term swings aren’t uncommon, but each “shakeout” is also filtering for the coins truly willing to hold long term. Short-term traders focus on liquidations and capital flows, while long-term investors need to return to whether the project itself still has sustained narrative support.
Short-term price action is a voting machine; long-term value is a weighing machine.
#Tutorial#Meme coin market#Crypto market analysis
After market makers push up and then a concentrated sell-off hits, compounded by more than $44 million in leveraged positions getting liquidated, both longs and shorts get wiped out. The fast in-and-out nature of meme coin capital further amplifies the volatility. In this highly speculative environment, Tutorial is currently quoted at $0.03263, with a 24-hour trading volume of as much as $68.1 million and a market cap of around $27.16 million.
Such extreme short-term swings aren’t uncommon, but each “shakeout” is also filtering for the coins truly willing to hold long term. Short-term traders focus on liquidations and capital flows, while long-term investors need to return to whether the project itself still has sustained narrative support.
Short-term price action is a voting machine; long-term value is a weighing machine.
#Tutorial#Meme coin market#Crypto market analysis