🚨 New fund listed—on the second day it pulled in another $13.2 million, but on-chain leverage already started to fade. Is this normal?
Group: 点击进入玖玖的粉丝群
👀 It got listed in the U.S. this week: on day two it brought in $13.2 million and saw $20.1 million in trades, with the fund size now at $52.8 million. On the first listing day, it pulled in $35.5 million.
📊 Even more interesting is what happened on the leverage side. Data platform Santiment shows that, for this coin, the open interest denominated in coins had already fallen from 215 million to 169 million before the fund was listed—down about 21%. If converted to USD terms, the notional value hit a phase high around Sept 27 at about $1.05 billion.
🔥 The result: from Sept 16 to 29, the NEAR price rose by about 86%, surging all the way to the $5.50–$5.60 resistance zone. After pulling back to $4.65–$4.75, it regained strength again. The spot buying only stepped in after leverage had already lightened.
💡 What’s truly worth watching isn’t just how much flows in on a single day, but the combination of price rising while coin-denominated leverage is actually decreasing. As chips move from derivatives to spot, the crowdedness behind the rally is, in fact, falling.
⚠️ Cold water: the fund size is only $52.8 million—still relatively small. And the price has already nearly doubled from below $2. RSI is 60.11 and MACD remains above the signal line, but as long as it breaks down with volume below the $4.65–$4.75 pullback zone, the rhythm will have to be recalculated.
👀 Do you think NEAR will keep pushing higher after the shakeout, or is this move already time to rest? Vote in the comments below👇
Click the avatar to watch the live stream + join the Jiujiu chat group to get daily strategies 🚀
#NEAR #ETF #机构资金
Group: 点击进入玖玖的粉丝群
👀 It got listed in the U.S. this week: on day two it brought in $13.2 million and saw $20.1 million in trades, with the fund size now at $52.8 million. On the first listing day, it pulled in $35.5 million.
📊 Even more interesting is what happened on the leverage side. Data platform Santiment shows that, for this coin, the open interest denominated in coins had already fallen from 215 million to 169 million before the fund was listed—down about 21%. If converted to USD terms, the notional value hit a phase high around Sept 27 at about $1.05 billion.
🔥 The result: from Sept 16 to 29, the NEAR price rose by about 86%, surging all the way to the $5.50–$5.60 resistance zone. After pulling back to $4.65–$4.75, it regained strength again. The spot buying only stepped in after leverage had already lightened.
💡 What’s truly worth watching isn’t just how much flows in on a single day, but the combination of price rising while coin-denominated leverage is actually decreasing. As chips move from derivatives to spot, the crowdedness behind the rally is, in fact, falling.
⚠️ Cold water: the fund size is only $52.8 million—still relatively small. And the price has already nearly doubled from below $2. RSI is 60.11 and MACD remains above the signal line, but as long as it breaks down with volume below the $4.65–$4.75 pullback zone, the rhythm will have to be recalculated.
👀 Do you think NEAR will keep pushing higher after the shakeout, or is this move already time to rest? Vote in the comments below👇
Click the avatar to watch the live stream + join the Jiujiu chat group to get daily strategies 🚀
#NEAR #ETF #机构资金
