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NEAR Protocol (NEAR) Sees Surging Derivatives Activity With Futures Trading Volume Reaching $2.88 Billion
Despite a recent price correction, NEAR Protocol (NEAR) is experiencing a significant increase in derivatives market activity. CoinGlass data shows NEAR's 24-hour futures trading volume has reached approximately $2.88 billion, while spot volume stands at $569.46 million. Major exchanges like Binance, OKX, and BingX reported futures volume increases of 78.44%, 83.53%, and 98.01% respectively. Binance's top trader long/short ratio of 1.7808 suggests a bullish bias among larger participants, even as futures markets show net outflows (approx. $5.86 million over 8 hours) and spot markets register net inflows (approx. $13.16 million over 8 hours). NEAR is currently trading around $4.31.
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