NEAR just crossed a line it hasn't touched since September. 👀
Open interest on $NEAR hit $1.1 billion, the first time above that threshold since September (U.Today). Meanwhile the wider market sits in "Fear" at 35 on the Fear & Greed Index, with $BTC around $78K.
My take: rising open interest means more leveraged traders are piling in, which can mean bigger moves in either direction, not a guaranteed trend. Not financial advice.
Are you watching $NEAR as a rotation play, or do you think this is just leverage building up? Tell me why below.
#NEAR #OpenInterest #Altcoins
Open interest on $NEAR hit $1.1 billion, the first time above that threshold since September (U.Today). Meanwhile the wider market sits in "Fear" at 35 on the Fear & Greed Index, with $BTC around $78K.
My take: rising open interest means more leveraged traders are piling in, which can mean bigger moves in either direction, not a guaranteed trend. Not financial advice.
Are you watching $NEAR as a rotation play, or do you think this is just leverage building up? Tell me why below.
#NEAR #OpenInterest #Altcoins