The net long ratio among large contract traders is 2.5948—for every 1 unit short sellers bet, there are 2.6 units of longs on the other side. The flow of money is crystal clear: piling into longs. $NEAR Spot, however, isn’t playing along: down 5.24% over 24h to 4.665, with a daily range of 4.656–5.043. The current price is hugging the lower end.
Funding rate: +0.0076%. Longs are paying to hold their positions—not shorts paying up.
At a time like this, there’s only one line worth watching: the position ratio. If 2.5948 stays above 2.5 and the price climbs back above the range’s upper bound at 5.043, it means big money is buying the dip and the drop is just a shakeout. If the long/short ratio falls back below 2.0 and the funding rate turns negative, leveraged longs are cutting their losses, turning paper positions into real selling pressure. As for where $NEAR goes next, first watch whether this position ratio holds—that’s a better signal than the current price of 4.665.
Funding rate: +0.0076%. Longs are paying to hold their positions—not shorts paying up.
At a time like this, there’s only one line worth watching: the position ratio. If 2.5948 stays above 2.5 and the price climbs back above the range’s upper bound at 5.043, it means big money is buying the dip and the drop is just a shakeout. If the long/short ratio falls back below 2.0 and the funding rate turns negative, leveraged longs are cutting their losses, turning paper positions into real selling pressure. As for where $NEAR goes next, first watch whether this position ratio holds—that’s a better signal than the current price of 4.665.