12:04 (Beijing Time)
$TUT 24 hours of growth of about 53%, but what’s most notable in this round of market action isn’t the rate of increase—it’s that contract positions have not exploded in tandem.
The current price is about 0.0638, with a 24-hour trading volume of about $364 million, and open interest has increased by only around 3%. The funding rate is 0.005%, and the long/short account ratio is about 0.87. In other words, the sharp price surge doesn’t appear to be clearly driven by newly added leveraged long positions; it looks more like a combination of spot chasing, a high-volatility rebound, and short-side defense pushing the move along.
Recently, the project’s official team emphasized that it will strengthen educational content regarding open interest, funding rates, and liquidity. However, I haven’t found any new product or major announcement sufficient to independently explain today’s 53% rally. So we can’t force the price anomaly to fit a fundamental-catalyst narrative.
The 4-hour RSI is already around 81. The area above is first seen at 0.068—0.072, with strong resistance at the intraday high of 0.0808. If it breaks down below around 0.055, the rebound structure will weaken significantly. Don’t chase in high-volatility zones.#TUT #热点币 #Market Watch
$TUT 24 hours of growth of about 53%, but what’s most notable in this round of market action isn’t the rate of increase—it’s that contract positions have not exploded in tandem.
The current price is about 0.0638, with a 24-hour trading volume of about $364 million, and open interest has increased by only around 3%. The funding rate is 0.005%, and the long/short account ratio is about 0.87. In other words, the sharp price surge doesn’t appear to be clearly driven by newly added leveraged long positions; it looks more like a combination of spot chasing, a high-volatility rebound, and short-side defense pushing the move along.
Recently, the project’s official team emphasized that it will strengthen educational content regarding open interest, funding rates, and liquidity. However, I haven’t found any new product or major announcement sufficient to independently explain today’s 53% rally. So we can’t force the price anomaly to fit a fundamental-catalyst narrative.
The 4-hour RSI is already around 81. The area above is first seen at 0.068—0.072, with strong resistance at the intraday high of 0.0808. If it breaks down below around 0.055, the rebound structure will weaken significantly. Don’t chase in high-volatility zones.#TUT #热点币 #Market Watch