TUT Today it surged from 0.051 all the way to 0.0828. Now at 0.079 it refuses to drop and just keeps moving sideways. In three days it more than doubled. The real thing worth pondering is: for this pump, not a single indicator on the futures/perpetual side is keeping up. Open interest fell by one point; large players cut about 20% of their positions in seven hours. Even the contract-side aggressive buy orders are shrinking.

Meanwhile, the spot market is a different story. Over the last 3 hours, net inflow has stayed positive. All 12 money-flow bars are green. The aggressive buy/sell ratio is up to 6.58x—real cash is accumulating, not just talk.

With the futures market ebbing and the spot market taking over, this structure is actually healthy for longs. The fee rate is only 0.005%, leverage hasn’t really piled up, and the squeeze fuel is still lying on the ground. Price is trading sideways right along the day’s high, exchanging hands. ADX 56.85 confirms a strong trend, and momentum is 7.5.

So TUT: go long. The risk is that this rally is too steep, and MACD and MFI are already diverging. If the spot market stops buying, it can easily flash-crash. Watch for this turn: as soon as the spot’s 3-hour net inflow turns negative, or big orders switch from buys to sells, or the price breaks below 0.07 and can’t hold, pull long positions immediately and flip the view to bearish.

#tut $TUT