Selma Kacvinsky BiXr

ビットコイン（BTC）は2014年以来で最悪のキャピトレーション水準をついに通過したが、チャートは今後数週間〜数か月で差し迫った回復の可能性を示す兆候を見せている。

出所：CryptoChan

最近の発表で、リード投資マネージャーのVanEckは、BTCがすでに12のキャピトレーション（投げ売り）シグナルのうち8つを発火させていると報告した。その中には、MVRV（時価総額÷実現価額）のZスコア、過去最高値からの49%の下落、未実現損益（NUPL）、そして利益圏にある供給量の割合が含まれる。

出所：Artemis XYZ

Tutorial (TUT) has suddenly become one of the market’s biggest movers after an explosive rally pushed the price to a record high of around $0.29, marking gains of more than 1,100% in just two days before a sharp reversal. The move was accompanied by a dramatic increase in derivatives activity, with open interest surging and liquidations climbing sharply as traders piled into leveraged positions. 

At the same time, TUT has an underlying AI-education narrative, with its Tutorial AI app and learning platform already live and additional features planned for Q3 2026. With speculation now cooling after the parabolic advance, the bigger question is whether TUT’s fundamentals can support the token beyond the initial hype.

What Is Tutorial Crypto and Why Is TUT Price Rising?

TUT is a BNB Chain-based token tied to Tutorial’s AI-powered crypto and blockchain education ecosystem. Tutorial describes TUT as a memecoin created by builders, while its ecosystem has expanded into an AI learning platform. Its existing products include Tutorial AI, an AI-assisted learning platform, and tools for studying from videos, articles, photos and audio. 

The project says TUT is used within the ecosystem for rewards, access and participation. Here’s why the price exploded. 

Explosive speculative demand: TUT gained more than 1,100% in two days and reached an ATH of about $0.2903. 

Derivatives activity exploded: 24-hour futures volume reportedly reached about $3.34 billion, more than 23 times its market cap. 

Aster perpetual listing: Recent market reports linked part of the initial acceleration to TUT perpetuals becoming available on Aster, bringing new leveraged trading activity. 

Supply-burn narrative: Recent market coverage has also pointed to a token-burn development as another catalyst behind renewed interest. 

AI narrative: The project’s live AI-learning products and upcoming Q3 features provide a fundamental story alongside the speculation. 

Tutorial (TUT) Price Analysis

TUT accelerated sharply from its earlier trading range before entering a near-parabolic advance. Price reached approximately $0.29, establishing a new all-time high before facing aggressive profit-taking. The latest 4H candle shows a sharp rejection, with TUT falling toward $0.13.

Open interest surged above $80 million during the rally before falling back toward $50.17 million, indicating a significant deleveraging phase. Funding rates turned extremely positive during the price spike, showing that long positioning became heavily crowded. The subsequent liquidation spike confirms that the reversal forced substantial leveraged positions out of the market.

The decline in OI alongside the price correction suggests that part of the excess leverage has already been flushed from the market. The key question now is whether TUT can establish a base after the leverage reset rather than immediately attempting another parabolic move. A recovery accompanied by controlled OI growth and less-extreme funding would be more constructive than another sharp rise driven by crowded leverage.

Is This Rally Sustainable?

Tutorial (TUT) price rally may need to cool before another sustained move higher. After reaching around $0.29, the token has corrected toward $0.13, while open interest has fallen sharply from its peak, suggesting that much of the leverage has already been flushed. For traders, $0.15–$0.16 is the first recovery zone, followed by $0.18–$0.20. A break above $0.20 could open the path toward $0.24–$0.25, while a retest of $0.29–$0.30 would require a much stronger recovery. On the downside, losing $0.12 could expose TUT to $0.10–$0.11.