NEAR jumps 60% in a week, sparks $9.85M in short liquidations after falling-wedge breakout

NEAR posted a roughly 60% weekly gain after breaking out of a classic falling-wedge pattern, climbing from $1.50 to $2.40. The move forced $9.85M in short positions to be liquidated, according to Coinglass. Separately, fees from NEAR Intents cross-chain settlement have been used to automatically buy NEAR via programmatic purchases since February.