TUT logged about $34.81 million in liquidations in the hour leading up to the report on Aug. 9, according to CoinGlass data cited by TechFlowPost. Shorts absorbed the bulk: short-position liquidations reached roughly $33.35 million, while long-position liquidations were around $1.45 million. The split shows a concentrated squeeze on bearish bets during a sharp upward move. On the CoinGlass heatmap, TUT sat among the pairs with the highest one-hour liquidation totals, well above most other assets. Its intraday volatility expanded clearing volumes over the short window. Exchange prices moved in different directions: Bitget printed a high of $1.00616, Gate peaked near $0.70, and Binance touched $0.3056. Bitget's two-minute rally generated cumulative liquidations of $7.54 million; Binance reported a single liquidation order of about $1.25 million. TUT then pulled back to roughly $0.12, completing the swing in about 20 minutes. The figures are based on CoinGlass data cited in the report.
CoinGlass data cited by TechFlowPost shows TUT recorded roughly $34.81 million in liquidations in the hour before the report on Aug. 9. Short-position liquidations reached $33.35 million, while long-position liquidations were $1.45 million. That lopsided breakdown points to a concentrated squeeze on bearish bets after a sharp upward move.
The token also stood out on CoinGlass's wider heatmap. TUT ranked among the top pairs by one-hour liquidation volume, well ahead of most other assets, with wide intraday price swings driving a sharp rise in short-period clearing activity.
Exchange prices diverge
Prices were not uniform across venues. Bitget briefly pushed TUT to $1.00616, Gate hit $0.70, and Binance climbed to $0.3056.
During Bitget's two-minute surge, cumulative liquidations hit $7.54 million. Binance reported a single liquidation order worth around $1.25 million. TUT then pulled back to about $0.12, putting the full swing at roughly 20 minutes.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
