NEAR Protocol Traders Gamble on Glory—But Shadows Lurk Beneath the Surface

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  • Behold! NEAR, that humble coin, attempts a resurrection at $1.85—yet alas, the whiff of liquidations wafts in the air, threatening to turn this revival into a Dostoevskian tragedy 😱.
  • Tokens flee the exchanges like guilty souls from a confessional—good news for the bullish-hearted, until resistance stands silent, unmoved, as ever.

So there sat NEAR Protocol [NEAR], priced precisely at $2.13—on the precipice, one might say, staring longingly at that sloping wall called “descending trendline resistance.” A double bottom had been drawn at $1.85, as though fate herself measured out the levels with trembling hands.

Such patterns! Traders clutching at them as if they were Dostoevsky’s own manuscripts, hoping for a redemption arc. “Yes, we shall reverse!” they cry. “We shall breach the wall!” But in Petersburg, as in the markets, no prophecy is guaranteed until the deed is done.

Should NEAR fail to break this stubborn resistance, the market may not only scoff, but descend yet deeper into the icy abyss. The next few sessions? A Raskolnikovian torment of indecision.

Traders pile in, but is it too much, too soon… or just a fever dream? 😅

July 4th—while some celebrated revolutions, NEAR traders staged a coup of bravado. The numbers on Binance could make a bureaucrat weep: 72.19% encamped on the side of the longs, the Long/Short Ratio ballooning to 2.60 as if optimism itself was on margin.

Such fervor! Such zeal! One imagines the gamblers at Dostoevsky’s roulette table, convinced it’s finally their time for fortune. Yet overconfidence is the surest prelude to disaster: if NEAR tumbles, so too do these hopeful souls, liquidated in the blink of a sorrowful eye.

Optimism returns, but will it endure longer than a Russian summer?

According to those soothsayers at Santiment, Weighted Sentiment brushed against +0.427—a fragile optimism, like sunshine glimpsed through St. Petersburg clouds.

History—full of irony and missed opportunities—teaches us: sometimes, this brief giddiness births a rally; sometimes, it’s just the vodka talking. Should sentiment fade and prices stall, let no trader feign surprise when the dream dissolves into a melancholy reversal.

Conviction or hubris? Funding rates hint at the eternal struggle 🧐

On this fateful day, Funding Rates at Binance gingerly tiptoed to +0.01%. The longs, eager to pay for their privilege, nudge optimism along—but, as the room grows crowded, who among them will remain when the music stops?

Currently, one could call the funding “respectable, not reckless.” Yet should traders continue piling in, the squeeze may claim them too, reducing epic ambitions to mere footnotes.

Will $2.22M in outflows vault the NEAR dreamers into legend? Or infamy?

NEAR, in a plot twist worthy of a Russian epic, saw $2.22 million flee the exchanges—tokens spirited away as though their holders feared interrogation. Many say this suggests “holding,” as if these souls possess the patience of saints or the fatalism of Dostoevsky’s characters.

Persist and the foundation might just hold; shatter the trend and old ghosts will return, gnawing at the bullish case with manic glee.

Long liquidations—a comic farce, or warning from the abyss?

Optimism surged… and got battered like a Russian poet at a debtor’s prison. $269,990 in long liquidations, against a meek $6,190 in shorts. One suspects the bulls, so eager to charge, had forgotten the horns were meant for goring.

Not a catastrophe, perhaps—for Dostoevsky, there is always room for more suffering. Still, another round of such liquidations, and even the bravest trader will begin eyeing the exit, mumbling about fate and the caprices of fortune.

Will NEAR bulls turn tragedy into triumph—or just get another Dostoevskian plot twist?

This so-called reversal is watched by many—hopes high, nerves higher. Sentiment and speculation swell like a Russian symphony, yet without the violins of confirmation, the discord grows painful to hear. Only a decisive breakout, with tokens clutched tightly and funding ratios unpanicked, will bring the promised catharsis.

Until then? We wait, suspended between optimism and absurdity, like characters on the final page, aware the author may yet twist the tale once more. 🎭

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2025-07-05 11:52