TUT Surges 117% as Short Sellers Lose $102M
The concentration of losses in TUT shows how quickly a single altcoin move can pressure bearish positioning.
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The concentration of losses in TUT shows how quickly a single altcoin move can pressure bearish positioning.
Gains are still concentrated in a handful of mid- and small-cap names, but a positive monthly print after a long losing streak is the first mechanical signal that breadth may be turning.
Altcoin momentum is building in a measurable way: the 30-day trading volume average has crossed above the yearly…