$NEAR saw a $1.3515K long liquidation at $1.953, putting leveraged buyers under pressure. The $1.3515K liquidation volume shows that some traders were forced to exit as price moved lower. Long liquidations can create extra selling pressure, especially when leverage is high and traders rush to protect remaining capital. NEAR’s next move will be important after this shakeout. If buyers return quickly, the liquidation could mark a reset. If selling continues, traders may see more leveraged positions getting cleared.
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