Bottom line: this NEAR sell-off is hitting longs first, so it doesn't look like a dip-buying signal yet. Liquidations over the past 24 hours totaled about $2.827 million. Longs accounted for $1.935 million, or 68.5%, while shorts accounted for just $891,000.
NEAR is currently around $3.49, down about 4.0% over the past 24 hours. It was at $3.489 on Binance and the same price on OKX. The price is hovering near its 24-hour low of $3.482, and leveraged long positions are still being forcibly reduced.
If liquidations keep rising as the price nears its low, don't rush to catch the falling knife. A short-term bottom looks more plausible only if the price holds and liquidations cool at the same time.
Do you think NEAR is forming a bottom, or is another round of long liquidations still ahead?
$NEAR $BTC
View in real time: https://www.coinboss.com/liquidations