NEAR Open Interest Falls 9.5% as Token Drops 8%
- —Open interest in NEAR dropped 9.5% in 24 hours
- —NEAR fell 7.9% to ~$4.50, down 13.2% on the week
- —Market cap ~$5.86 billion, daily volume ~$618 million
- —First support at $4.50–4.55; below that, the Oct. 8 low of $4.29
Why it matters: Falling price and open interest signal deleveraging; whether NEAR holds $4.50 will determine if the correction deepens.
Source: U.Today