Near Protocol (NEAR) Breaks Enormous Record With $1.9 Billion Open Interest
Photo: U.Today
NEAR just set a new record in the futures market . Open interest in NEAR contracts hit $1.92 billion on October 12, according to Coinglass data. That is the highest level ever for the token . At that moment, NEAR was trading at $5.88. The size of this jump is hard to miss. In July and August, open interest sat between $300 million and $450 million. It started to climb in mid-September and passed $1 billion within days. In approximately two months, traders have put roughly four times more money into NEAR futures. Price followed the same path.
Source: U.Today
