$NEAR /USDT Liquidation Bloodbath!
A brutal shakeout for bulls as a massive $65,300 long position was liquidated at $5.676, sending shockwaves through the market.
The sell-off marks a critical moment for traders caught off guard by this intense reversal.
What Happened?
1️⃣ Bearish Rejection: $NEAR failed to hold above key resistance, triggering a cascade of liquidations.
2️⃣ Momentum Shift: Sellers took control, pushing the price into a freefall zone.
3️⃣ Whale Dumping: Sudden large-volume trades indicate that big players might be exiting.
Market Insights:
Current Price: $5.676
Support Zone: $5.50 – If this breaks, bears could gain more control.
Resistance: $5.90 – Bulls must reclaim this level to recover.
Thrill Factor: Intense!
$NEAR /USDT is seeing extreme volatility, with both bulls and bears battling for dominance.
Liquidations like these often signal heightened market tension.
{future}(NEARUSDT)
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