Niner 🍡九儿🔶
Niner 🍡九儿🔶|Aug 10, 2026 04:25
After yesterday's big dump of $TUT, I saw someone post on their Moments saying it’s over. I replied that it’ll probably continue, because I felt like the OI (open interest) dropped too predictably. Normally, longs and shorts are balanced, but with a 60M drop and the price not falling to the corresponding level, it seems like they were just pulling their own longs and shorts, plus a random long position got liquidated. This aligns with the fact that all major exchanges had wicks, but Binance was relatively stable. As I mentioned before, if this round is led by $TUT, others will follow, but most of them are retail investors. For example, $TST and $MUBARAK—historically, these two have never independently initiated any major moves. Every time, it’s just retail investors pushing them a bit. Even if they might get picked up later, as long as $TUT isn’t done yet, it’s unlikely for now.
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