Short Liquidations

NEAR is trading near $1.72 after sliding more than 45% from its June highs, with a key liquidation cluster sitting just below the market. A move toward $1.62 could pressure leveraged longs, while a confirmed falling wedge breakout may shift momentum back toward buyers.

Ethereum is outperforming much of the crypto market after a confirmed breakout, rising trading activity and a sharp wave of short liquidations. Technical traders are watching the $2,200 zone as the next major test, with $2,400 possible if momentum carries through.

Bitcoin retreated after touching a two-week high of $64,500, interrupting its strongest run of gains since March. Weak ETF flows, a negative Coinbase premium and sliding futures open interest are raising questions about whether the July rebound has durable spot demand behind it.