The bounce in NEAR tops out at 6.024. It’s down 6 points net over the past hour, and the funding rate has been slashed from 0.0067% to 0.0032%—longs aren’t even willing to pay interest anymore, yet they’re still putting on a front. The whale long/short ratio of 2.36 looks intimidating, but the order book shows 1.18 million in aggressive sell orders weighing on just 680,000 in buy orders. Open interest has contracted 3.5% in 7 hours—it’s all longs capitulating. Short at the current price of 5.40. First target: 5.17; second: 4.85; third: 4.60. Stop loss at 5.71—if it gets above that, admit defeat. This pump was just to help those trapped at 6.02 break even. From here, it’s a slow grind down.