Near Protocol (NEAR) Hits $1.1 Billion in Open Interest, Breaks Threshold For First Time Since September

A reported $1.1 billion in NEAR Protocol derivatives open interest has put the spotlight on speculative positioning in the token. The exact figure and its timing need confirmation at the exchange level. The general point holds either way: leveraged trading magnifies both optimism and downside when interest in an asset picks up. Open interest is the notional value of futures and perpetual futures contracts that are still open. Daily trading volume is something else, a count of transactions over a period. Rising open interest means more positions are staying active.

Source: U.Today