NEAR Short Sellers Face Heavy Losses as Hyperliquid Rally Squeezes Positions

Top traders on Hyperliquid are heavily shorting NEAR, but the asset's price surge from the low-$2 range to approximately $5.37-$5.39 in September has triggered significant losses. As of September 30, 2026, the largest NEAR short position held a notional value of about $22.78 million with roughly $12.83 million in unrealized losses, while the largest long position gained between $17.13 million and $17.55 million. Despite a net short bias among whales on the platform, the heaviest capital on NEAR remains positioned on the long side.