Near Protocol Drops 3.07% in One Hour to $5.40 as Long Liquidations Top $1.2M
Photo: TokenPost
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.
Source: TokenPost
