Add as a preferred source on GoogleNear Protocol Drops 3.07% in One Hour to $5.40 as Long Liquidations Top $1.2M
NEAR was down 6.89% over 24 hours, while long liquidations sharply exceeded short liquidations across major exchanges.
Near Protocol (NEAR) fell 3.07% in one hour to $5.40 as of 12:54 p.m. ET (16:54 UTC) Oct. 12, extending its 24-hour decline to 6.89%. The move came with a sharp imbalance in liquidations, as long positions faced heavier losses than short positions.
NEAR traded at $5.58 one hour earlier before dropping to $5.40 on Binance spot trading. Long liquidations totaled $1.2 million during the same hour across Binance, Bybit and OKX, while short liquidations reached $10,000.
The token ranked 20th by market capitalization at approximately $7.0805 billion. The figures reflect direct collection and calculation of publicly displayed exchange prices as of the stated time.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.