NEAR On-chain leverage: in half a day, it chops down to the ankle—borrowings are nearly zero, yet liabilities are still collapsing downward. This isn’t a washout; it’s the longs collectively sabotaging. In seven hours, big players’ positions shrink in sync—what they were yelling about as their bottom “gets stripped off” too. When leverage is withdrawn, what’s supposed to hold up the price? Anyone who comes to buy in this market is basically handing the knife to the dealer.