📈 Market maker activity｜Just opened the Binance futures contract, and the NEAR price barely moved, yet the open interest has been stacked for two days
📊 Open interest (48H) +12.8%
Open interest (4H) +0.1%
Long/short ratio 70.6%
Current price 4.887
💡 The position was built up gradually over the past couple of days, and the price is only just starting to show a reaction now
Up 0.95% in 24 hours, which is 1.2 percentage points less than the overall market
🎯 In the same batch of tracking, ORCA and NIL are also moving—open interest over 4 hours rose 29.8% and 28.1%, respectively
Longs make up about 70%, and in a one-sided setup, both directions have already played out
Will it break first at 5.054, or drop first back to 4.731
⚠️ Personal views only—does not constitute any investment advice
$NEAR $ORCA $NIL
📊 Open interest (48H) +12.8%
Open interest (4H) +0.1%
Long/short ratio 70.6%
Current price 4.887
💡 The position was built up gradually over the past couple of days, and the price is only just starting to show a reaction now
Up 0.95% in 24 hours, which is 1.2 percentage points less than the overall market
🎯 In the same batch of tracking, ORCA and NIL are also moving—open interest over 4 hours rose 29.8% and 28.1%, respectively
Longs make up about 70%, and in a one-sided setup, both directions have already played out
Will it break first at 5.054, or drop first back to 4.731
⚠️ Personal views only—does not constitute any investment advice
$NEAR $ORCA $NIL