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NEAR broke through the $1.39 resistance level today with a 16% single-day increase, attracting widespread attention across the network.
By analyzing the multi-dimensional data dashboard, let's examine the hardcore logic behind this rally:
1. Violent short squeeze drive: In the past 24 hours, short positions were liquidated for $1.93 million, with a liquidation scale five times that of long positions. The dense closing buy orders from shorts at $1.2-$1.3 create the physical force pushing the price straight through resistance.
2. Divergence in capital backing: Retail investors maintain a neutral long-short ratio of 1:1 on OKX due to fear of missing out, but top traders on Binance have increased their long-short ratio to 1.91. This indicates that major whales are rallying at high levels, using real capital to sustain the main upward wave.
3. Liquidity verification: The total daily contract trading volume across the network reached $1.21 billion, with spot turnover of $211 million. Binance, as the core of liquidity (with $405 million in contract turnover), proves that this rally is strongly supported by off-market funds.
Trading risk avoidance guide: Avoid chasing the top: Under the pressure of the main force holding a 1.91x bullish position, shorts have become fuel; do not oppose the trend.
Gradual strategy: In response to the 16% increase, it is recommended to adopt a "bottom position + dip-buying" right-side trading approach, with key support levels at $1.30-$1.35.
Platform selection: Prefer platforms with deep liquidity to cope with potential short-term price spikes and shakeouts. Data penetration is essential; strategy determines the outcome. Follow the footsteps of the 1.91x whale to stay proactive in the value discovery feast.