Near Protocol's Open Interest (OI) has fallen by 9.5% in the past 24 hours, with the price of NEAR dropping 7.9% to around $4.50 during the same period.
According to Coinalyze data, Near Protocol's Open Interest (OI) has decreased by 9.5% in the past 24 hours, while the price of the NEAR token fell by 7.9% during the same period, currently trading at approximately $4.50. A simultaneous decline in OI and price typically suggests market deleveraging, with traders potentially actively closing positions or being forced liquidated. NEAR has cumulatively fallen by approximately 13.2% over the past 7 days.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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