Near Protocol OI Drops 9.5% Amid 8% NEAR Price Decline
Photo: U.Today
NEAR Protocol's open interest has dropped 9.5% over the past 24 hours, according to data from Coinalyze. This coincides with a 7.9% decline in the token's price. NEAR is currently trading near $4.50, with a market capitalization of approximately $5.86 billion and daily trading volume of around $618 million. Open interest measures the total number or value of outstanding futures and perpetual contracts that have not been settled or closed. It helps gauge the amount of exposure remaining in the derivatives market, although it does not independently indicate whether traders are bullish or bearish.
Source: U.Today
