The takeaway: NEAR open interest surged 14.2% in a day, but shorts couldn’t hold on. A total of $3.811 million in positions was liquidated over 24 hours, accounting for 83% of all liquidations in the coin.
Total futures open interest across exchanges is about $1.476 billion. It rose 17.36% on Binance, 14.19% on OKX, and 15.72% on Hyperliquid. Positions aren’t concentrated on just one exchange—leverage is increasing across multiple markets.
Over the past 4 hours, $903,000 in NEAR shorts were liquidated, accounting for 94% of liquidations during that period; over 24 hours, only $787,000 in longs were liquidated. Rising open interest alongside a steady stream of shorts being forced out suggests short sellers may be making room for the rally—but with leverage piling up, any pullback could also come faster.
Will you chase the short squeeze with a long position, or wait for positioning to cool off?
$NEAR
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