Markets· ★★· neutral·

Santiment: NEAR's 81% weekly rally shows no strong exhaustion signals yet

  • —NEAR gained 81% from Sept. 13 to 20
  • —Dollar open interest rose 119%, token-denominated OI only 21%
  • —Funding rate on Sept. 20 hit 1.6x the two-month median
  • —Santiment links the rally to privacy-themed interest after Sept. 17 futures launch
Why it matters: The data does not signal an imminent NEAR reversal, but suggests the easy phase of the rally is over.
#NEAR
Source: Koin Bülteni
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