$TUT This move directly taught the longs a lesson.
In just 15 minutes, it dumped 3.91%, with volume surging to 3.9 times the usual level. The volatility Z-value hit 5.29—this isn’t a normal pullback anymore. More importantly, OI has been steadily falling: the 15-minute contract is -1.61%, and the 1-hour is -1.75%. The notional change cut positions by 6.6% outright. This combo of price dropping while OI shrinks is a textbook deleveraging environment—longs either get stopped out or proactively retreat. This isn’t simply “washing.”
The tape details are also brutal: price broke below the lower bound of the recent ~20 5m K-line range. Active trading has a -36.5% difference, and the buy/sell ratio is only 0.47—bears are grinding through the trend. Even though the total 24-hour trading volume is still $194 million, it’s clear the funds are withdrawing.
Whole-pool abnormal ranking: #29; notional change rank: #19; 90% of the OI is at abnormal percentile levels. All I can say is this coin’s volatility is truly “battle-capable,” but the direction is obviously warming things up for the shorts.
$TUT At this point, if you’re thinking of catching a falling knife, my advice is to wait: let the active trade imbalance tighten and for OI to stabilize first. Don’t rush to be the bagholder.
In just 15 minutes, it dumped 3.91%, with volume surging to 3.9 times the usual level. The volatility Z-value hit 5.29—this isn’t a normal pullback anymore. More importantly, OI has been steadily falling: the 15-minute contract is -1.61%, and the 1-hour is -1.75%. The notional change cut positions by 6.6% outright. This combo of price dropping while OI shrinks is a textbook deleveraging environment—longs either get stopped out or proactively retreat. This isn’t simply “washing.”
The tape details are also brutal: price broke below the lower bound of the recent ~20 5m K-line range. Active trading has a -36.5% difference, and the buy/sell ratio is only 0.47—bears are grinding through the trend. Even though the total 24-hour trading volume is still $194 million, it’s clear the funds are withdrawing.
Whole-pool abnormal ranking: #29; notional change rank: #19; 90% of the OI is at abnormal percentile levels. All I can say is this coin’s volatility is truly “battle-capable,” but the direction is obviously warming things up for the shorts.
$TUT At this point, if you’re thinking of catching a falling knife, my advice is to wait: let the active trade imbalance tighten and for OI to stabilize first. Don’t rush to be the bagholder.