🚨 NEAR funding +61%/year: Longs are under extreme pressure!
The funding rate for $NEAR is enormous, reaching +0.0069%/hour, equivalent to +61%/year. This means longs (those betting that the price will rise) are paying very high fees to shorts (those betting that the price will fall). Clearly, market sentiment is heavily tilted to one side, with longs extremely crowded. 😨
Looking at the current situation, things seem a little tense. Longs are straining to pay the fees—can they hold on, or will there be a bloody liquidation wave? Personally, I think it’s best to be cautious. This isn’t investment advice. What do you think: will NEAR keep rising, or is a correction coming?
#NEAR
The funding rate for $NEAR is enormous, reaching +0.0069%/hour, equivalent to +61%/year. This means longs (those betting that the price will rise) are paying very high fees to shorts (those betting that the price will fall). Clearly, market sentiment is heavily tilted to one side, with longs extremely crowded. 😨
Looking at the current situation, things seem a little tense. Longs are straining to pay the fees—can they hold on, or will there be a bloody liquidation wave? Personally, I think it’s best to be cautious. This isn’t investment advice. What do you think: will NEAR keep rising, or is a correction coming?
#NEAR
