$NEAR ๐น๐ฒ๐ฑ ๐๐ต๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฒ๐ฎ๐ฟ๐น๐ถ๐ฒ๐ฟ ๐๐ผ๐ฑ๐ฎ๐. ๐ก๐ผ๐ ๐ถ๐'๐ ๐ฑ๐ผ๐๐ป ๐ญ๐ณ%.
It topped out near $5.53 in the afternoon, then lost $5 as Bitcoin and the rest of the majors rolled over. It now sits around $4.33.
On Binance Futures, open interest dropped from about $282M to $238M in 24 hours, with funding near flat. That looks like longs closing out rather than shorts piling in.
The coins that held up best often attract the most leverage, and that leverage is first to go when the tape turns.
Did NEAR's strength pull you in, or were you waiting for $5 to hold?
NFA.
#NEARProtocol #BinanceFutures
It topped out near $5.53 in the afternoon, then lost $5 as Bitcoin and the rest of the majors rolled over. It now sits around $4.33.
On Binance Futures, open interest dropped from about $282M to $238M in 24 hours, with funding near flat. That looks like longs closing out rather than shorts piling in.
The coins that held up best often attract the most leverage, and that leverage is first to go when the tape turns.
Did NEAR's strength pull you in, or were you waiting for $5 to hold?
NFA.
#NEARProtocol #BinanceFutures