Volume is flying, but the price is barely moving.
$NEAR HL positions: about 292 million / 194 million for the day, a ratio of 1.5.
Binance at 4.95, up just 0.3% on the day and 3.7% below the high; daily fees around 3,776, down 7% from the previous period.
Turnover is hot, but balances are shrinking—the heat is in the volume, not the price.
#NEAR流水 #L1 structure
$NEAR HL positions: about 292 million / 194 million for the day, a ratio of 1.5.
Binance at 4.95, up just 0.3% on the day and 3.7% below the high; daily fees around 3,776, down 7% from the previous period.
Turnover is hot, but balances are shrinking—the heat is in the volume, not the price.
#NEAR流水 #L1 structure