NEAR Falls to $4.63 as $959M Liquidation Wave Hits Crypto
- —NEAR opened near $4.89, peaked at $4.91 and slid to $4.59, down roughly 5% on the day
- —24-hour liquidations hit $959.43 million, of which $879.71 million were longs; four-hour liquidations reached $521.99 million
- —The Bitwise NEAR ETF has attracted $79.3 million since Sept. 29, with 10 inflow days and no outflows
- —NEAR Intents processed a record $4.8 billion in swaps in September
Why it matters: NEAR's price is tied to market-wide leverage: more liquidations could push it toward $4.00, while ETF inflows and Intents activity underpin demand.
Source: CoinCentral