TUT is now 0.026, down another 27% from 7 days ago, but what stands out most in the futures market is not the drop—it’s that shorts are piling up thicker and thicker at the bottom: open interest surged 14.2% in one day, aggressive sell orders overwhelmed buy orders by nearly 2:1, yet the price still didn’t break below the previous low of 0.0227. When the price can’t keep falling but positions keep rising sharply, the newly added positions are basically all shorts pounding the market.
With shorts crowded like this, funding rates have already turned negative, and out of 8 samples none was positive—meaning holders are effectively paying to keep positions every day. At the same time, 63.9% of whale accounts are positioned long, still adding 4.1% over 7 hours; spot buy orders across 20 levels are 1.84 times the sell orders. Big money is moving on the outside, large holders are stepping in below, yet the price is stuck low without breaking down.
What I fear most is not a continued slow drift lower, but shorts adding at the bottom while the price refuses to fall further. This structure is the easiest to ignite with a single high-volume candle. I choose to go long above 0.0227: buy on a retest around 0.026, and place the stop loss below 0.0227.
There is only one reversal condition: if the large spot orders show 12 consecutive red capital bars over 3 hours and it still does not stop, then if 0.0227 is lost and open interest starts to decline, it means the large holders are also exiting, the squeeze logic is invalid, and I will immediately reverse and go short. #tut $TUT
With shorts crowded like this, funding rates have already turned negative, and out of 8 samples none was positive—meaning holders are effectively paying to keep positions every day. At the same time, 63.9% of whale accounts are positioned long, still adding 4.1% over 7 hours; spot buy orders across 20 levels are 1.84 times the sell orders. Big money is moving on the outside, large holders are stepping in below, yet the price is stuck low without breaking down.
What I fear most is not a continued slow drift lower, but shorts adding at the bottom while the price refuses to fall further. This structure is the easiest to ignite with a single high-volume candle. I choose to go long above 0.0227: buy on a retest around 0.026, and place the stop loss below 0.0227.
There is only one reversal condition: if the large spot orders show 12 consecutive red capital bars over 3 hours and it still does not stop, then if 0.0227 is lost and open interest starts to decline, it means the large holders are also exiting, the squeeze logic is invalid, and I will immediately reverse and go short. #tut $TUT
