2 Address accounting losses25.89 million dollars from holding NEAR short position

Two short accounts NEAR a deficit in the account.25,891,400 Dollars: When sides sell out and markets have buying power back

What's this about?
TradingBits' tracking data indicates that as of the 27th at 15:23 Korea time, two addresses holding large short positions in NEAR had a total accounting deficit of approximately25,891,400 USD or about35,100 million won. While asset prices adjusted upward, a short position is one holding a sell position with an expectation that price will adjust downwards; if it rises above the level where the position was opened, the loss figure on the account increases exponentially, even becoming actual losses until either closing the position or being forced to close.

The details listed are the upstream address with 0xfe7c holding an estimated NEAR sale position,[32] tokens at average price[33] dollars, resulting in an accounting loss of approximately $5 or about $6 million.[34] Another address is also identified as holding a large short status but the source data does not show complete hashes.

Why is this number important?
The figures[14] are not only damaging to the two-account trader, but reflect that the NEAR derivative market has a betting side that prices will fall significantly as they move upwards; short sides have an advantage and if there is simultaneous positioning, markets may see buying forces to close out positions or insufficient collateral forcing closures, often causing more price volatility in the short term.

However, the accounting deficit does not mean that both accounts are immediately in actual loss. If a position is not closed and collateral can still be secured, the figure will remain at market value; references do not indicate which positions have been forced to close, so it should not be inferred from one-sided figures alone.

How does the short position work for a novice reader?
If a short position is opened at NEAR 2.55352 dollars because the price is expected to go down, then closing the position may be profitable; but if it's higher than that, buying back or closing will cost more money than opening. The difference represents an account loss.

In a leveraged platform or futures, the holder of the position must put up collateral. When price movements are so large that there is insufficient collaterals, the system may force closure to protect against debts owed to the system. If forced closure occurs with too many positions, the purchasing power behind this mechanism can extend the price movement but it does not guarantee that prices will continue rising or falling.

Text for readers in Thailand and the region
Thai users who follow NEAR may see prices in US dollars or converted to baht through platforms registered or provided under the rules of the SEC (Thailand) Thailand, including local markets such as Bitkub that must verify what type of asset collateral, exchange rates and differentiated trading conditions are at the time. Reading numbers from global news sources therefore requires both reference currencies, currency values and reporting periods because TradingBits' data takes Korean time and identifies figures in dollars versus won.

For users in regions that may have access to cross-border platforms or a niche market context, the differences in currency and box condition can result in reported prices of US dollars or won not reflecting the true cost per user.

The impact on the general reader.
For readers who don't hold short positions or derivatives, this event is not a direct risk to digital wallets, but it does show the market structure that prices can be influenced by large-scale differentials rather than just immediate buy and sell movements.

What the report points out is that short-side risk as markets adjust and size of positions can put back pressure on prices, open price levels, position sizes, collateral and closing conditions are important information for derivative status holders while market watchers need to recognize that account deficit numbers may change with prices as soon as the market moves further.