NEAR Loses Critical $5 Level After Brutal $20M Long Squeeze: More Pain Ahead?

NEAR plunged below $5 after a $20 million long liquidation event. Open Interest dropped sharply as traders reduced risk and exposure. Dip buyers accumulated heavily, supporting hopes for a recovery above $5. NEAR Protocol has entered a dangerous stretch after losing a key support zone. The drop below $5 caught many traders off guard and triggered heavy liquidations across derivatives markets. While fear spread among leveraged investor…