Bottom line first: NEAR had $4.58 million in liquidations over 24 hours, with shorts accounting for 80%, and people chasing the drop are still getting hit hard.
NEAR had a total of 1,305 liquidations, with $3.688 million in short liquidations and only $898,000 in long liquidations, a ratio of about four to one. This wasn’t a one-off spike, but a sustained bias toward the short side.
The largest single liquidation was a short position on Hyperliquid, worth $269,000, and it was liquidated around 5.18. In the overall liquidation rankings, BTC led with $48.77 million, followed by ETH with $24.57 million and MAGIC with $12.79 million, while NEAR ranked among the top popular coins.
A short share this high means the crowd chasing the drop has become crowded; but liquidation data only shows who was forced out, not a direct reversal signal. Would you keep shorting, or wait for price and positioning to point the way first?
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