$NEAR

Decisively short! 24-hour liquidation data shows that NEAR short positions have liquidated $4.7 million, while longs only $3.14 million. After the shorts are wiped out, they are forced to buy back, but this often signals a market top. Smart money's long-to-short ratio is as high as 147%, with floating profits of $11.26 million on longs and floating losses of only $4.46 million on shorts. Market sentiment is extremely euphoric, with a large number of longs crowding in. Once buying momentum exhausts, a cascade of liquidations could trigger a crash. I directly put all $330k short positions into full attack!

1. AI narrative is heading towards disillusionment: Since the NEAR AI Agent Marketplace launched in February, there has been no real on-chain adoption report to support its narrative. No genuine economic activity is generated between machines; the so-called automated growth is just talk, and the speculative bubble will burst instantly.

2. Short squeeze effect has ended, the bears are regrouping: The 25% surge on May 22 was essentially just a brief release of AI narrative sentiment. The market has already turned weak again. More dangerously, a professional whale with a total profit of $86.36 million from short positions continues to add to its holdings, including 28 altcoins like NEAR, with a total position of $47.66 million. While retail investors still dream of NEAR becoming the next AI leader, top institutions are already preparing to harvest at high levels.

3. CLARITY bill political game intensifies, macro benefits are far from realized: Although the bill passed the committee, media warnings are severe. The Senate faces huge political resistance, needing at least 7 Democratic votes to avoid indefinite delay. August has become the critical deadline for the bill. If the bill is blocked or delayed at the legislative level, all "institutional narratives" including NEAR will face the most severe liquidity test.

Without real revenue backing, institutional shorts continuously adding positions, and regulatory benefits wavering, these three forces are suppressing the market. I have locked in the entire $330k short position, waiting for this bubble to fully deflate. Once it does, NEAR will drop back below $1.80, ruthlessly burying the last wave of chasing longs!