NEAR hits a new yearly high

NEAR perpetuals on Hyperliquid peaked at $5.959, up about 10.66% in 24 hours. Trader mk4 is holding a 5.7565 million NEAR long position at an average entry price of $2.353. The position is worth $33.74 million, with $20.2 million in unrealized profit and a 1,491% return.

He also has short positions in seven other coins, totaling $14.53 million, with a combined net loss of $1.18 million. NEAR is the only long position in his main account, and he hasn't reduced it or placed any orders so far. After offsetting his longs and shorts, his net unrealized profit is $19.02 million. This position is holding up remarkably well.

With the price above $5.9, the $6 mark is the most obvious level to watch. Would you dare to place a short order at this level?

$NEAR $BTC $ETH

#NEAR #PublicChain