🚨 NEAR: Nearly $195M in capital flows—could a major move be coming?
Open Interest for $NEAR is nearly $194.64M, indicating a large inflow of capital. NEAR's price has fallen 6.8% over the past 24 hours, but the Funding Rate remains slightly positive, suggesting Longs are still paying fees, though things aren't overly tense.
This is a clear sign that whales are actively accumulating or opening large positions, pushing the total amount locked in open orders (OI) higher. Could this be a signal that a major bout of volatility is coming, with both Longs and Shorts waiting for an opportunity?
If you were in this position, given on-chain signals like these, which side would you choose?
For informational purposes only; this is not investment advice. DYOR.
#NEAR #BinanceSAFUFundTransferCompleted7499BTC
Open Interest for $NEAR is nearly $194.64M, indicating a large inflow of capital. NEAR's price has fallen 6.8% over the past 24 hours, but the Funding Rate remains slightly positive, suggesting Longs are still paying fees, though things aren't overly tense.
This is a clear sign that whales are actively accumulating or opening large positions, pushing the total amount locked in open orders (OI) higher. Could this be a signal that a major bout of volatility is coming, with both Longs and Shorts waiting for an opportunity?
If you were in this position, given on-chain signals like these, which side would you choose?
For informational purposes only; this is not investment advice. DYOR.
#NEAR #BinanceSAFUFundTransferCompleted7499BTC
