NEAR Rises 4% as Market Falls, Open Interest Hits $1.7B
- —NEAR rose 4% in 24 hours while BTC and ETH fell
- —NEAR open interest climbed 11% to $1.7 billion
- —NEAR's CVD showed the strongest positive reading among major assets
- —Funding rate stayed slightly negative, with shorts paying longs
Why it matters: If NEAR's rally continues, short sellers may be forced to close positions, fueling further upside via a short squeeze.
Source: Koin Bülteni