Binance Traders Show Extreme Optimism as NEAR Protocol Tests Critical Resistance

NEAR Protocol is currently trading at $2.13, facing a crucial descending trendline resistance after forming a double bottom at $1.85—a classic bullish reversal signal. A decisive breach of this resistance level could confirm the bullish momentum, while failure to do so might lead to renewed downside pressure. Binance data highlights extreme trader optimism, with 72.19% of positions being long and a Long/Short Ratio of 2.60. However, such crowded bets also raise the risk of liquidations if the anticipated breakout fails to materialize. This scenario presents a high-stakes moment for NEAR Protocol traders, balancing between potential gains and significant downside risks.

NEAR Protocol Faces Critical Resistance as Traders Bet Heavily on Rally

NEAR Protocol trades at $2.13, testing a descending trendline resistance after forming a double bottom at $1.85—a classic reversal signal. The altcoin must breach this level decisively to confirm bullish momentum; failure risks renewed downside pressure.

Binance data reveals extreme trader optimism, with 72.19% long positions and a 2.60 Long/Short Ratio. Such crowded bets raise liquidation risks if the breakout falters. Santiment's Weighted Sentiment rebounded to +0.427, reflecting renewed confidence that may prove fragile.

CZ Hints Bitcoin Buy as Dormant BTC Wallet Move Shakes Market

A dormant Bitcoin wallet, inactive for 14 years, suddenly moved funds, sparking market speculation. The transaction caught the attention of Changpeng Zhao (CZ), former Binance CEO, who hinted at potential Bitcoin accumulation. Such rare on-chain activity often signals heightened interest from long-term holders.

Historical whale movements frequently precede volatility. This event underscores Bitcoin's enduring appeal among crypto's earliest adopters. CZ's public reaction amplifies the narrative of institutional figures closely monitoring blockchain activity for strategic insights.