$NEAR just did something no other major coin managed today.
While BTC and ETH kept leaking futures open interest on the slide, NEAR's jumped 11% to $1.70B — fresh money walking in while everyone else de-risks. Funding went slightly negative, so shorts are paying to hold their bets against the rally, and its buying flow is the most positive of any major right now.
My take: when the tape keeps rising and the shorts pay for the privilege of fading it, covering is just a matter of time.
When do the shorts fold? 🤔
#NEAR #CryptoNews #Altcoins
DYOR
While BTC and ETH kept leaking futures open interest on the slide, NEAR's jumped 11% to $1.70B — fresh money walking in while everyone else de-risks. Funding went slightly negative, so shorts are paying to hold their bets against the rally, and its buying flow is the most positive of any major right now.
My take: when the tape keeps rising and the shorts pay for the privilege of fading it, covering is just a matter of time.
When do the shorts fold? 🤔
#NEAR #CryptoNews #Altcoins
DYOR