$NEAR futures open interest hit a record $1.92B as traders rushed into the AI narrative.
But remember: this doesn’t mean $1.92B of fresh money entered NEAR. It mainly shows heavy speculation and leverage. Wintermute also identified NEAR as the standout winner from the rotation into AI-related tokens. Open interest has already cooled to $1.56B, showing how quickly leveraged positions can disappear.
Strong narrative, strong momentum but liquidation risk is now much higher. 👀
#NEARProtocol #NEAR #Altcoin Season#
But remember: this doesn’t mean $1.92B of fresh money entered NEAR. It mainly shows heavy speculation and leverage. Wintermute also identified NEAR as the standout winner from the rotation into AI-related tokens. Open interest has already cooled to $1.56B, showing how quickly leveraged positions can disappear.
Strong narrative, strong momentum but liquidation risk is now much higher. 👀
#NEARProtocol #NEAR #Altcoin Season#