$NEAR Rallies nearly 8%—Don’t Be the Exit Liquidity! A Whale Dumps $4.45M in Take-Profit Orders; 5.40 Is Make-or-Break!
The whales are full and ready to leave, while retail traders are still waiting for the bull run?
NEAR has had plenty of positive news lately: post-quantum signatures have launched, inflation is set to drop, and the price has surged nearly 8% in 24 hours. The 1-hour chart looks strong, and the MACD has formed a golden cross—but on-chain data hides a major risk.
Two whales are holding a combined $5.76 million in long positions. One of them placed 99 sell orders this morning worth $4.45 million, covering 98% of their position, with take-profit levels between 5.48 and 5.98. The other has placed orders between 5.10 and 5.18, waiting to buy the dip with $8.32 million. The market-wide long/short ratio has now soared to 462%—an extreme imbalance!
As for capital flows, there were inflows over the past 30 minutes, but net outflows of $4.3 million over the past hour. Short-term bulls and longer-term bears are locked in a tug-of-war. The liquidation chart shows that a drop below 5.0 would liquidate a pile of long positions, while only a break above 6.0 would liquidate shorts.
My take: A big whale is capping the upside, and another is supporting the downside. Going heavily leveraged now is just handing your money to the big players.
Zhang’s short-term trading plan:
Long: Aggressive traders can enter with a small position at the current price; conservative traders can wait for a pullback to around 5.18–5.22.
Short: Enter if the price is rejected around 5.55–5.60, with an initial target of 5.30–5.25.
Note: Bitcoin has now fallen to $83,000, and the macro environment is unfavorable. Don’t use positive news as an excuse to ignore the broader market.
Want to know the safest entry points and where to set your stop-loss? Come find Zhang in the chatroom 👇
#币安推出BinanceIntelligence #美国抵押贷款利率升至7.49% #美联储纪要聚焦10月暂停加息
$BTC $ETH
The whales are full and ready to leave, while retail traders are still waiting for the bull run?
NEAR has had plenty of positive news lately: post-quantum signatures have launched, inflation is set to drop, and the price has surged nearly 8% in 24 hours. The 1-hour chart looks strong, and the MACD has formed a golden cross—but on-chain data hides a major risk.
Two whales are holding a combined $5.76 million in long positions. One of them placed 99 sell orders this morning worth $4.45 million, covering 98% of their position, with take-profit levels between 5.48 and 5.98. The other has placed orders between 5.10 and 5.18, waiting to buy the dip with $8.32 million. The market-wide long/short ratio has now soared to 462%—an extreme imbalance!
As for capital flows, there were inflows over the past 30 minutes, but net outflows of $4.3 million over the past hour. Short-term bulls and longer-term bears are locked in a tug-of-war. The liquidation chart shows that a drop below 5.0 would liquidate a pile of long positions, while only a break above 6.0 would liquidate shorts.
My take: A big whale is capping the upside, and another is supporting the downside. Going heavily leveraged now is just handing your money to the big players.
Zhang’s short-term trading plan:
Long: Aggressive traders can enter with a small position at the current price; conservative traders can wait for a pullback to around 5.18–5.22.
Short: Enter if the price is rejected around 5.55–5.60, with an initial target of 5.30–5.25.
Note: Bitcoin has now fallen to $83,000, and the macro environment is unfavorable. Don’t use positive news as an excuse to ignore the broader market.
Want to know the safest entry points and where to set your stop-loss? Come find Zhang in the chatroom 👇
#币安推出BinanceIntelligence #美国抵押贷款利率升至7.49% #美联储纪要聚焦10月暂停加息
$BTC $ETH