What the hell—this NEAR market is slapping me in the face. The price is still sliding down; the contract open interest has already been pulled back by a chunk. This isn’t a retest—it’s a long liquidation-style exit. In the spot market, in the past three hours there hasn’t been a single bullish candle; the money is all flowing out. Big accounts are still holding on and haven’t fully left yet, but their position share has already shrunk—so it’s just stubbornness. The gust before the avalanche has started blowing; right now anyone still holding positions inside is waiting to serve as a cushion for the next leg down.