TUTU, this move looks a bit ugly—within 24 hours it dropped 16.23%. The price is 0.04039, and the sell-off was pretty harsh.
The three Bollinger Bands lines are all pointing downward, forming a typical bearish structure. The price has directly broken below the lower band, with %B at -0.10—basically a bottom-hugging run, with no room for a rebound. Another bearish candle printed on the 15-minute chart, down 0.39%. Volume hasn’t expanded; it’s only about 0.7 times the recent average. This is a low-volume, slow bleed—not extremely fast, but there’s nobody stepping in.
The funding rate is still positive at +0.0050%, which suggests long positions have relatively higher costs—longs are paying shorts. As for open interest, OI over the past 24 hours fell 18.3%, and the inventory is shrinking quickly. Contract capital is clearly being withdrawn, and market sentiment feels a bit cold. The long/short ratio is 1.36: long accounts still have the numerical advantage, but the price is pressed against the lower band—things look a bit contradictory.
Overall: the price is grinding along the lower band while funds are withdrawing. Longs are more numerous but haven’t gotten the advantage, and shorts are currently keeping the pressure on.
For reference only and does not constitute investment advice.
#TUT #点金Midas
The three Bollinger Bands lines are all pointing downward, forming a typical bearish structure. The price has directly broken below the lower band, with %B at -0.10—basically a bottom-hugging run, with no room for a rebound. Another bearish candle printed on the 15-minute chart, down 0.39%. Volume hasn’t expanded; it’s only about 0.7 times the recent average. This is a low-volume, slow bleed—not extremely fast, but there’s nobody stepping in.
The funding rate is still positive at +0.0050%, which suggests long positions have relatively higher costs—longs are paying shorts. As for open interest, OI over the past 24 hours fell 18.3%, and the inventory is shrinking quickly. Contract capital is clearly being withdrawn, and market sentiment feels a bit cold. The long/short ratio is 1.36: long accounts still have the numerical advantage, but the price is pressed against the lower band—things look a bit contradictory.
Overall: the price is grinding along the lower band while funds are withdrawing. Longs are more numerous but haven’t gotten the advantage, and shorts are currently keeping the pressure on.
For reference only and does not constitute investment advice.
#TUT #点金Midas