What does $NEAR ’s position reveal? Over the past 24 hours, positions are down 9.87%, while the price is up 7.29%, with roughly $179 million in market funds.
My take: it’s probably shorts closing their positions, with the price being pushed up mainly by covering buys. Once the covering ends, we’ll need to see whether new longs step in.
Have you ever been liquidated?
My take: it’s probably shorts closing their positions, with the price being pushed up mainly by covering buys. Once the covering ends, we’ll need to see whether new longs step in.
Have you ever been liquidated?
