Short Sellers Lost Over $102M in 24 Hours A sharp rally in TUT (Tutorial) triggered a classic short squeeze, wiping out leveraged bears across the market. Breakdown of the damage: TUT: $46.23M in liquidations — nearly 50% of the total short wipeout after a ~117% surge
$BTC : $14.03M
$ETH : $10.47M
BICO: $8.96M
Others: $22.15M
The move in TUT, a low-float BNB Chain token tied to AI education tools, forced massive short covering. Futures volume exploded into the billions while spot activity also spiked, amplifying the cascade. This is another reminder of how quickly thin markets and high leverage can punish crowded short positions — especially when a catalyst (or pure momentum) hits. TUT’s 117% Pump Alone Accounted for Almost Half of All Short Liquidations
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC $ETH #Macro Insights#
$BTC : $14.03M
$ETH : $10.47M
BICO: $8.96M
Others: $22.15M
The move in TUT, a low-float BNB Chain token tied to AI education tools, forced massive short covering. Futures volume exploded into the billions while spot activity also spiked, amplifying the cascade. This is another reminder of how quickly thin markets and high leverage can punish crowded short positions — especially when a catalyst (or pure momentum) hits. TUT’s 117% Pump Alone Accounted for Almost Half of All Short Liquidations
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC $ETH #Macro Insights#